Abu Dhabi-Mubasher: Abu Dhabi Securities Exchange (ADX) is expected to show better performance in 2016, said CEO Rashed Al-Baloushi.
He added that ADX outperformed its GCC peers despite the decline of its benchmark, noting that that the P/E ratios of its companies are the most attractive in the region.
Al-Baloushi also pointed out that the value of Abu Dhabi's recently-announced projects increased by 12%, Al-Khaleej newspaper reported.
If oil prices rise in 2016, it will be reflected positively on the local and regional stock markets, the CEO said.
