Most Gulf markets retreated on Monday, trading on muted volumes, as sliding oil prices and further declines on overseas markets kept investors at bay.
Global trends dominated moves in Gulf bourses due to a lack of regional catalyst in company news or economic developments.
The United Arab Emirates' bourses were the biggest losers, with both Dubai and Abu Dhabi slumping to four-month lows.
Dubai's index ends 0.3 percent lower, its lowest close since Feb. 2. Trading volumes were down by more than a third from Sunday.
No comments:
Post a Comment