Sunday, 22 July 2012

MIDEAST STOCKS-Trading slumps in UAE; Kuwait stalls drop | News by Country | Reuters

Trading on bourses in the United Arab Emirates slumped on Sunday as the start of the Muslim holy month of Ramadan exacerbated a summer lull, while Kuwait's market snapped a three-day decline after the country's emir approved a new cabinet.

Abu Dhabi volumes dropped to their lowest in more than two years, but the index added 0.2 percent.

Dubai's index slipped 1.3 percent, down for a second session since Wednesday's 10-week high. Only 27 million shares changed hands, the lowest total since May 27.

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