GCC Equity Markets

Blue Chip Laggards in GCC Equity Markets

The GCC Equity markets like the rest of the major world markets have been having a stellar run in 2021. Until November 21st the S & P GCC Composite Index has generated Year-to-Date (YTD) return of 35.6%, which has not been seen for many years in these markets. Valuation-wise, GCC composite index trades at P/E ratio of 23.3 and the current index value is still at a discount of 47.4% compared to its historical peak value. The performance of the...