(1888PressRelease)
October 06, 2007 - Equity markets in the Middle East are "inexpensive" in comparison with other emerging markets, it has been claimed.
Analysts at Goldman, Sachs & Company believe that stocks in the Middle East are undervalued when compared with other developing markets, and have therefore predicted a recovery.
"Continued strong growth, attractive valuations and improving market access should provide the ingredients for sustained growth,'' London-based analyst Neil Wedlake told Bloomberg.
Stock markets slumped in the Middle East in 2006, and as a result the region hosted the seven worst-performing stock benchmarks of the 81 based across the world tracked by Bloomberg, the news agency reports.
In 2007, Abu Dhabi's benchmark has augmented by 21 per cent and Dubai's by a more modest 3.5 per cent - but Goldman researchers believe further rises are due.
Further analysis of emerging markets could be supplied by Aranca, an end-to-end provider of on-demand, custom investment, business and economic research.
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