Wednesday 9 December 2015

MIDEAST STOCKS-Markets extend losses after breaching psychological barriers | Reuters

MIDEAST STOCKS-Markets extend losses after breaching psychological barriers | Reuters:

"Qatar and Dubai slipped through psychologically-important support levels and Abu Dhabi fell once more as crude oil prices continued to dampen investor sentiment towards Gulf markets.

Doha's index was hammered for a second day, dropping through the 10,000-point mark to trade down 1.6 percent. The benchmark hit a two-year low on Tuesday after both foreign and regional investors dumped stock, according to a Doha-based fund manager.

Brent oil was up slightly for the day at $40.67 at 0800 GMT, having falling below the $40 a barrel mark for the first time since the 2008-09 financial crisis on Tuesday."



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