Monday, 29 June 2015

MIDEAST STOCKS-Gulf markets fall on Greece turmoil; Amlak tumbles | Reuters

MIDEAST STOCKS-Gulf markets fall on Greece turmoil; Amlak tumbles | Reuters:



"Gulf stock markets fell again early on Monday in response to the turmoil in Greece, where the government imposed capital controls and shut banks for a week, raising the prospect of the country leaving the euro zone.



Dubai's stock index, usually the most volatile in the region, slid 1.3 percent to 4,003. It is heading for a second straight daily close below its 200-day average, now at 4,077, which would be technically bearish.



Amlak Finance, which led Dubai up earlier this month in speculative trade, sank 6.9 percent in heavy turnover. Blue chip Emaar Properties, which could see European investors' demand for its real estate hit by any fresh euro zone crisis, lost 1.8 percent."



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