Monday 18 April 2016

MIDEAST STOCKS-UAE stocks fall after Doha oil talks failure | Reuters

MIDEAST STOCKS-UAE stocks fall after Doha oil talks failure | Reuters:

"Stock markets in the United Arab Emirates fell in early trade on Monday after the collapse of Sunday's talks between oil producers in Doha caused crude prices to tumble.

Dubai's stock index sank 2.0 percent in the first 15 minutes with Emirates NBD, the largest bank, losing 5.0 percent and builder Drake & Scull down 2.7 percent.

But Shuaa Capital, which has been rising for a month partly on rumours that a shareholder is building a major stake, added 2.8 percent."



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