MIDEAST STOCKS-Gulf indexes fall on weak oil prices, real estate dampens Dubai | Reuters:
The Dubai stock market fell sharply on Tuesday to post its biggest one-day loss since June as real estate stocks slid, while tumbling oil prices dragged down all major Gulf bourses.
Oil prices fell 4 percent after reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in stock markets as the outlook for global growth deteriorated.
In Dubai, the index dropped 2.1 percent with the emirate’s largest lender, Emirates NBD, shedding 4.6 percent and its biggest listed developer, Emaar Properties , falling 2.3 percent.
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