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Friday, 27 November 2009 | 04:45 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
1Injazzat Real Estate Development CompanyKuwaitInvestment Funds3.2953.78
Million
KWD 0.050.69
2Bank of Beirut - LebanonLebanonInvestment Funds3.7144.33
Million
USD 3.261.21
3Dubai Investments CompanyUAEInvestment Funds5.79431.04
Million
AED 0.200.59
4Byblos BankLebanonInvestment Funds6.67114.86
Million
LBP 456.571.03
5BLOM Bank LebanonInvestment Funds7.17243.27
Million
LBP 10,000.001.40
6Albaraka Banking GroupBahrainInvestment Funds8.09113.70
Million
USD 0.130.68
7Alargan International Real Estate CompanyKuwaitInvestment Funds8.7734.25
Million
KWD 0.020.96
8First Gulf Bank UAEInvestment Funds8.82818.22
Million
AED 2.131.59
9CommercialbankQatarInvestment Funds9.67496.94
Million
QAR 6.971.46
10BBKBahrainInvestment Funds10.4471.84
Million
BHD 0.041.61
11BankMuscatOmanInvestment Funds11.02243.48
Million
OMR 0.081.33
12Qatar Islamic BankQatarInvestment Funds11.78451.25
Million
QAR 6.982.38
13Masraf Al RayanQatarInvestment Funds11.85251.93
Million
QAR 1.091.70
14Arab Jordan Investment Bank - JordanJordanInvestment Funds12.3216.37
Million
JOD 0.111.11
15Qatar National Bank - QatarQatarInvestment Funds12.491.00 BillionQAR 12.252.77
16Commercial International Bank - EgyptEgyptInvestment Funds13.16251.39
Million
EGP 4.152.77
17National Bank of Kuwait - KuwaitKuwaitInvestment Funds14.88895.96
Million
KWD 0.072.10
18Arab Bank - JordanJordanInvestment Funds15.52806.43
Million
USD 1.161.37
19The Housing Bank for Trade and FinanceJordanInvestment Funds21.09135.71
Million
JOD 0.342.09
20National Bank of BahrainBahrainInvestment Funds24.2692.16
Million
BHD 0.032.34
21Ahli United Bank - BahrainBahrainInvestment Funds25.91255.72
Million
USD 0.021.17
22Abu Dhabi Commercial BankUAEInvestment Funds26.25336.68
Million
AED 0.080.67
23Shamil BankBahrainInvestment Funds28.0322.83
Million
USD 0.021.62
24Capital Bank of JordanJordanInvestment Funds47.2720.23
Million
JOD 0.030.96
25Kuwait Finance House - KuwaitKuwaitInvestment Funds56.76550.74
Million
KWD 0.022.15
26Burgan BankKuwaitInvestment Funds110.59132.56
Million
KWD 0.001.19
27Al Ahli Bank of KuwaitKuwaitInvestment Funds173.98161.53
Million
KWD 0.001.73
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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.