Thursday 10 December 2015

MIDEAST STOCKS-Dubai, Qatar slip; Abu Dhabi more resilient | Reuters

MIDEAST STOCKS-Dubai, Qatar slip; Abu Dhabi more resilient | Reuters:

"Abu Dhabi's index rose slightly while Qatar and Dubai again fell in thin trade on Thursday as foreign investors reduced their exposure to Gulf markets.

The sustained slump in oil prices has hurt state finances in the Gulf and soured sentiment among both regional and foreign traders, with government spending a major factor in determining private sector profitability.

Qatar's bourse slid 0.2 percent to 10,003 points, extending losses after slumping to its lowest close in 25 months on Wednesday."



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