Think Dubai Is More Expensive Than Cairo? Look at Stocks - Bloomberg

Think Dubai Is More Expensive Than Cairo? Look at Stocks - Bloomberg:

"Visitors to Dubai and Cairo will agree that buying most things on the streets of the Egyptian capital is a lot cheaper than in the Middle East’s business hub. Not stocks though.

Since turning cheaper than peers in the EGX 30 Index in November, equities on the Dubai Financial Markets General Index are showing the biggest discount in almost three years. A rally in Egyptian stocks since the country’s 2016 currency float made its benchmark the best performer in the Middle East last year, while a lack of positive catalysts has weighed on shares in Dubai."



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