MIDEAST STOCKS-Regional investors dump stocks; no buying impetus | Reuters:
"Most Middle East markets fell on Monday as oil prices sank to their lowest in nearly seven years, spurring stock selling on the bourses of the region's energy producers.
Dubai's index dropped 2.2 percent to its lowest close since December last year, although property and telecom stocks helped Abu Dhabi's bourse edge up 0.3 percent.
"Local sellers led the market lower today," said Julian Bruce, head of institutional trading at Dubai-based EFG Hermes, adding there were no market catalysts to generate buying demand."
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