Gulf stocks tumbled to new lows on Tuesday, led by bourses in Qatar and the UAE, as a panic sell-off in U.S. and Asian markets over fears of a new global downturn shook investor confidence.
Markets in the United Arab Emirates and Qatar fell back to their lowest levels since March, when the Middle East was hit by widespread political unrest.
Dubai's index fell 2 percent to its lowest close since March 9, raising year-to-date losses to 11.4 percent. Abu Dhabi's benchmark dropped 1.3 percent to its lowest close since March 8.
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