Thursday 10 March 2016

MIDEAST STOCKS-Dubai, Qatar slip; Abu Dhabi down on sell order backlog | News by Country | Reuters

MIDEAST STOCKS-Dubai, Qatar slip; Abu Dhabi down on sell order backlog | News by Country | Reuters:

"Stock markets in Dubai and Qatar extended the previous day's losses in early trade on Thursday, while Abu Dhabi pulled back after poor weather forced the closure of the exchange on Wednesday.

Abu Dhabi's Union National Bank, which went ex-dividend on Wednesday, tumbled 7.0 percent in the first 40 minutes of trade on Thursday as delayed sell orders went through.

Other blue-chip banks were also sold; Abu Dhabi Islamic Bank and National Bank of Abu Dhabi each fell more than 1.0 percent. The market's main index was down 0.9 percent."



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