Dubai stocks fairly valued at current levels — Emirates NBD | GulfNews.com

Dubai stocks fairly valued at current levels — Emirates NBD | GulfNews.com:



"Dubai stocks are fairly valued at current levels after a violent correction recently, but 2015 will be a challenging year for investments, a senior official at Emirates NBD Wealth Management said on Sunday.



The Dubai Financial Market General Index witnessed volatile swings late last year, to a point it gave away all of its 2014 gains in early December, before ending the year about 13 per cent higher.



“The drop in crude had significant impact on asset prices. Real estate has corrected somewhat. Stock market saw violent correction and that will ease off very soon,” said Arjuna Mahendran, chief investment officer, with Emirates NBD Wealth Management."



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