Gulf bourses were mixed Sunday with the UAE’s two markets hitting new multi-month lows as traders said the weekend’s Group of 20 meeting in Paris had failed to reduce uncertainty over the eurozone debt crisis and the outlook for the global economy.
Dubai’s benchmark fell 0.7 percent to its lowest close since March 7, when regional markets were tumbling in the early stages of the Arab Spring political turmoil. In Abu Dhabi, the benchmark slipped 0.3 percent to a 22-month low.
In their meeting Saturday, G-20 finance ministers and central bankers pressed Europe to act decisively on the debt crisis at an Oct. 23 EU summit.
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