Doha – Mubasher: The Qatar Stock Exchange (QSE) is the third most expensive market in the GCC as it has an average P/E ratio of 14.2, according to a report by the National Bank of Kuwait (NBK).
This supported the QSE to become the second largest GCC bourse in terms of trading volume.
The Qatari market seems overpriced compared to GCC peers, with a market capitalization to non-oil GDP ratio of 83%.
QSE rose by 1.5% since the beginning of 2017 till 3 February.
In the medium term, investors will continue to monitor government’s fiscal and reform plans for the coming years, as well as oil price developments.
“Qatar ranks first in the Arab world in terms of efficiency of financial market development, availability of financial services, ease of financing through equity markets, and regulation of securities exchanges,” the bank’s economic update highlighted.
