MIDEAST STOCKS-
ubai tumbles 2.7 pct after oil hits new low | Reuters:
"Dubai's stock market led losses in the Gulf early on Thursday after oil prices in the United States tumbled to their lowest level since 2009.
U.S. crude slumped over 4 percent on Wednesday as a huge, unexpected stockpile build in the United States reinforced concerns about a growing global oil glut. The European Brent crude benchmark dropped 3.4 percent on Wednesday. Both U.S. oil and Brent have edged down 0.6 percent in Asian trade on Thursday morning.
Dubai's main equities index dropped 2.7 percent to a four-month low of 3,730 points as nearly all stocks fell. Technically, a triple top formed by the peaks since April and triggered this week points down to the 3,600-point area."
'via Blog this'
No comments:
Post a Comment