Thursday, 2 August 2018

MIDEAST STOCKS-Abu Dhabi leads Gulf tumble in early trade | Reuters

MIDEAST STOCKS-Abu Dhabi leads Gulf tumble in early trade | Reuters:

Abu Dhabi’s stock market opened lower on Thursday, weighed down by blue-chip financial and telecom shares, and leading a tumble of regional Gulf bourses amid the second quarter earnings reporting season.

Oil prices rose, steadying after losses over the past two days, and Asian shares fell as the United States-China trade war escalated.

The Abu Dhabi main index fell by 0.7 percent, with First Abu Dhabi Bank shrinking 0.7 percent and Etisalat , also known as Emirates Telecommunications Group, falling 1.8 percent.

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