Wednesday, 20 January 2016

MIDEAST STOCKS-Gulf sells off in early trade as oil, Asian mkts slip | Reuters

MIDEAST STOCKS-Gulf sells off in early trade as oil, Asian mkts slip | Reuters:

"Gulf bourses sold off in early trade on Wednesday as investors cashed out on renewed worries over low oil prices and a global equity market rout, proving the previous day's gains were not solid.

Dubai's index fell more than 2.5 percent, erasing most of Tuesday's gains and nearing a 27-month low hit last Thursday.

The two most traded stocks on the bourse were builders Arabtec and Drake & Scull, each tumbling by more than 4 percent."



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