Dubai Stocks Confront Regional Risks After Rally to 10-Year High
- Dubai’s index has outperformed most peers in the third quarter
- Valuations now elevated; geopolitical tensions are a concern
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A rally that’s propelled Dubai stocks into the ranks of the best global performers looks set to cool as geopolitical risks increase and bargain valuations become harder to find.
The Dubai Financial Market General Index has advanced 12% this quarter to the highest since 2014. Its gains are among the 10 biggest across more than 90 equity benchmarks worldwide tracked by Bloomberg.