Wednesday, 9 December 2015

MIDEAST STOCKS-UAE, Qatar sink to multi-year lows as investors eye state budgets | Reuters

MIDEAST STOCKS-UAE, Qatar sink to multi-year lows as investors eye state budgets | Reuters:

"Gulf markets saw volatile trading on Wednesday as falling oil prices and their impact on upcoming state budgets pushed some to multi-year lows, while others edged into positive territory after heavy losses the previous day.

Dubai's benchmark dropped 0.3 percent to its lowest close in two years, dipping to 3,001 points.

Financial stocks dragged the index with Emirates NBD tumbling 2.9 percent to 7.5 dirhams, its lowest close of 2015."



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