Thursday, 11 December 2014

Dubai shares sink, panic selling spreads across Gulf markets | GulfNews.com

Dubai shares sink, panic selling spreads across Gulf markets | GulfNews.com:



"Dubai’s stock index tumbled on Thursday, heading for its biggest daily drop in five years, after Brent crude oil dropped to a fresh five-year low.



The emirate’s main index sank 7.2 percent to 3,604 points, falling below major technical support at 3,731 points, its July trough.



Other Gulf markets were also bleeding."



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