Monday 6 July 2015

MIDEAST STOCKS-Gulf falls on oil, Greece; Dana Gas continues surge | Energy & Oil | Reuters

MIDEAST STOCKS-Gulf falls on oil, Greece; Dana Gas continues surge | Energy & Oil | Reuters:



"Gulf equities slipped in early trade on Monday in response to another slide in oil prices, as Brent crude dropped below $60 a barrel to its lowest since mid-April, and to unstable global markets after Greeks voted 'No' in their bailout referendum. 




Dubai's stock index slid 0.9 percent as Amlak Finance, the most heavily traded stock, lost 2.7 percent. Drake & Scull, which had surged in the previous two days after removing ownership limits for Gulf nationals, pulled back 2.3 percent.



Abu Dhabi edged up 0.1 percent."



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