ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 | 15:14 UAE time

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Seeking Alpha - GCC stocks to watch

These are the best of times to be an investor in GCC stock markets. With the Tadawul about to open up to foreign investors for the first time, and the increasing internationalisation of bourses across the region, liquidity looks set to buoy the markets as we move into final months of 2008.


But where should investors be headed?


Which stocks are ripe for investment?


The first port of call to assess whether a stock is under or over valued is its price to earnings ratio. In this table we have ranked - from lowest (and therefore potentially better value) to highest the 100 must under valued stocks in the region.


The question you need to work out is why...? Is there a legitimate reason the stocks are valued at that price, or have investors missed a trick?


For those wishing to go further, click on a company name for the full financial profile of that company, interactive stock charts, company profile, the latest news stories, disclosures, press releases... from that company.


The table also includes other key ratios - Earnings Per Share, and Price to Book value, along with the company's Net Profit.


The figures quoted in the chart are kept up to date dynamically pulling from a live markets feed.


All prices are in USD.

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# COMPANY COUNTRY INDUSTRY PE Ratio NET PROFIT EPS PRICE TO BOOK
1The Islamic Insurance Company JordanInsurance Companies3.1410.15
Million
JOD 0.651.57
2Bahrain Commercial Facilities Company BahrainInsurance Companies5.0230.34
Million
BHD 0.081.06
3Dubai National Insurance and Reinsurance UAEInsurance Companies5.2011.85
Million
AED 0.441.49
4Al Khazna Insurance CompanyUAEInsurance Companies5.949.15
Million
AED 0.190.69
5Bahrain Kuwait Insurance CompanyBahrainInsurance Companies8.719.87
Million
BHD 0.061.39
6Doha Insurance Company QatarInsurance Companies9.3812.96
Million
QAR 2.471.15
7Euro-Arab Insurance GroupJordanInsurance Companies9.791.16
Million
JOD 0.100.84
8United Insurance Company - UAEUAEInsurance Companies9.983.60
Million
AED 0.381.24
9Qatar Insurance Company - QatarQatarInsurance Companies10.92140.33
Million
QAR 5.951.88
10Abu Dhabi National Insurance Company - UAEUAEInsurance Companies11.5557.25
Million
AED 0.621.49
11Arab Orient Insurance Company - JordanJordanInsurance Companies11.812.83
Million
JOD 0.161.64
12Qatar Islamic Insurance CompanyQatarInsurance Companies13.0218.82
Million
QAR 2.601.79
13Emirates Insurance CompanyUAEInsurance Companies13.4530.87
Million
AED 0.460.93
14Al Dhafra Insurance CompanyUAEInsurance Companies14.8511.65
Million
AED 0.301.81
15Warba Insurance CompanyKuwaitInsurance Companies16.928.51
Million
KWD 0.021.07
16Qatar General Insurance and ReinsuranceQatarInsurance Companies18.5162.16
Million
QAR 2.921.19
17Kuwait Insurance CompanyKuwaitInsurance Companies19.5910.35
Million
KWD 0.021.41
18Al Khaleej Insurance and Reinsurance CompanyQatarInsurance Companies20.0023.90
Million
QAR 1.691.01
19Al Sagr National Insurance Company UAEInsurance Companies24.4118.28
Million
AED 0.191.84
20First Insurance JordanInsurance Companies25.561.02
Million
JOD 0.030.82
21Jerusalem Insurance CompanyJordanInsurance Companies27.411.33
Million
JOD 0.081.60
22Dhofar Insurance CompanyOmanInsurance Companies33.688.69
Million
OMR 0.012.07
23Ras Al Khaimah National Insurance CompanyUAEInsurance Companies38.823.77
Million
AED 0.133.25
24Al Nisr Al Arabi Insurance CompanyJordanInsurance Companies43.383.01
Million
JOD 0.071.70
25Oman Insurance CompanyUAEInsurance Companies45.2468.13
Million
AED 0.242.53
26Dubai Islamic Insurance and Reinsurance Company UAEInsurance Companies48.84-9.05
Million
AED 0.022.05
27National General Insurance CompanyUAEInsurance Companies49.325.48
Million
AED 0.194.52
28Middle East Insurance CompanyJordanInsurance Companies50.210.66
Million
JOD 0.041.16
29Jordan French Insurance CompanyJordanInsurance Companies50.39-0.04
Million
JOD 0.021.35
30Methaq Takaful Insurance Company UAEInsurance Companies51.113.62
Million
AED 0.083.99
31Bahrain National Holding CompanyBahrainInsurance Companies72.455.49
Million
BHD 0.011.45
32General Arabia Insurance CompanyJordanInsurance Companies77.070.51
Million
JOD 0.010.61
33Al Ain Ahlia Insurance CompanyUAEInsurance Companies85.5139.17
Million
AED 0.820.91
34Al Buhaira National Insurance CompanyUAEInsurance Companies91.1213.67
Million
AED 0.114.03
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All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.