Wednesday 21 October 2015

MIDEAST STOCKS-Dubai hits two-week low, other Gulf markets slip | Reuters

MIDEAST STOCKS-Dubai hits two-week low, other Gulf markets slip | Reuters:

"Dubai's stock index slumped to a two-week low in early Wednesday trade as the prolonged drop in oil prices weighs on prices across the market.

Bourse bellwether Emaar Properties fell 1.9 percent, rival developer Deyaar slipped 1.1 percent, and Dubai Financial Market dropped 1.7 percent.

Two small-cap stocks, Gulf Navigation and Amanat Holding, accounted for nearly a third of the 33.3 million shares traded on the index as of 0710 GMT. The former was up 0.2 percent and the latter down 1.1 percent."



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