World Cup, IPOs to Buoy Gulf Stocks in 2022 as Oil Boost Fades
- Qatar set to outperform as soccer event lures travelers
- Dubai plans to float major state companies to boost liquidity
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It’s been the best year in more than a decade for Gulf stocks thanks to booming oil prices. And investors expect further gains in 2022, driven by the soccer World Cup and new listings.
The region’s stocks are on track for their best annual performance since 2007, with a return of 36% including dividends. That compares with 20% for the MSCI World Index, which tracks developed world markets, and a 1.9% loss for the MSCI Emerging Market index.