Wednesday, 16 May 2012

STOCKS NEWS MIDEAST-Dubai at 15-week low; Gulf mkts slump - Yahoo! News UK

Dubai's index ends at a 15-week low in thin trade as downbeat global sentiment keeps local and international investors away.
The index falls 1.4 percent to 1,466 points, its lowest close since Feb. 2 as shares of all but two companies decline. Bellwether Emaar Properties drops 1.7 percent, Arabtec sheds 1 percent and Deyaar loses 4.3 percent. Dubai Islamic Bank drops 2 percent.
Around 61 million shares trade, much lower than the peaks seen during an early-year rally.

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