Selloff in regional markets stoked by fears over Iraq | The National:
"Fears of escalating tensions in Iraq sparked a selloff across the region yesterday.
Regional losses were led by the Dubai Financial Market, which fell by 4.71 per cent, its second-largest drop of the year. The Abu Dhabi Securities Exchange lost 2 per cent. Every measure across the Middle East retreated, driven by investor uncertainty over the Iraqi crisis.
“We were expecting a continuity of the positive momentum that we’d seen on Thursday,” said Mohammed Ali Yasin, managing director at NBAD Securities. “The only big news from the weekend was the escalation of the political crisis in Iraq. Initially it was some GCC investors selling and then it spread across the board.”"
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