Sunday 26 June 2016

MIDEAST STOCKS-Gulf stocks fall sharply in early trade, blue chips outperform | Reuters

MIDEAST STOCKS-Gulf stocks fall sharply in early trade, blue chips outperform | Reuters:

"Gulf stock markets fell sharply in early trade on Sunday in response to the global market turmoil caused by Britain's decision to leave the European Union.

Dubai's index was down 4.6 percent after 10 minutes to 3,211 points, near technical support on the May low of 3,197 points.

Speculative stocks favoured by local retail investors were hit hardest, with Arabtec losing 6.4 percent. Blue chips such as Emaar Properties, down 3.5 percent, fared relatively well."



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