MIDEAST STOCKS-Blue-chips lead declines as most Gulf stocks close down | Reuters:
"Dubai and Abu Dhabi stock exchanges both closed lower on Wednesday, as markets across the Gulf struggled for direction after recent gains, notably in Saudi Arabia.
The move was in line with Asian equities, which also eased as investors awaited the U.S. Federal Reserve’s upcoming policy statement for clues on the future pace of monetary tightening.
The Dubai index closed down 0.9 percent, dragged down by property stocks. Emaar Malls fell 4.9 percent and major developers Emaar Properties and Damac Properties fell 1.4 percent and 1.6 percent, respectively."
'via Blog this'
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