Panic selling on UAE stock markets after oil drops 5 per cent | The National:
"Abu Dhabi and Dubai shares were subject to a panic sell-off by retail investors this morning after oil plunged five per cent on Monday.
Most stocks were down between 5 and 6 per cent on the Abu Dhabi Securities Exchange and Dubai Financial Market after touching their maximum one day price drop at the opening bell.
“Oil dropped strongly yesterday, causing negative sentiment in international markets, and retail investors are reacting to that,” said Marwan Shurrab, fund manager at Dubai-based Vision Investments & Holdings."
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