UAE markets tumble as regulator halts four prominent investors | The National

UAE markets tumble as regulator halts four prominent investors | The National:



"The UAE’s stock markets fell on Tuesday as oil prices continued to drop and the federal market regulator halted four prominent investors from trading on the country’s stock exchanges.



The Dubai Financial Market General Index fell 5.4 per cent to 3,752.79, while the Abu Dhabi Securities Market General Index lost 2.18 per cent to 4,444.03. The Dubai Index was the worst performer on Tuesday among more than 90 indexes tracked globally by Bloomberg.



The Dubai measure has lost 13 per cent of its value this month, while the Abu Dhabi market has shed 5 per cent. The panic selling started in mid-November as the rapid decline in oil prices triggered concerns over economic growth in the UAE."



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