Thursday 3 January 2019

MIDEAST STOCKS-Global market weakness pressures Gulf markets | Reuters

MIDEAST STOCKS-Global market weakness pressures Gulf markets | Reuters:

All major Gulf markets fell on Thursday, weighed down by falling oil prices and volatile global markets on concern over the world economy and corporate earnings into 2019.

Continuing weakness in property shares contributed to a 0.4 percent decline in the Dubai index, one of the world’s worst-performing stock markets last year.

The emirate’s largest listed developer Emaar Properties lost 1.2 percent and construction company Arabtec retreated 1 percent.

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