Sunday, 10 March 2019

#AbuDhabi Stocks Extend Losing Streak to Seventh Day: Inside EM - Bloomberg

Abu Dhabi Stocks Extend Losing Streak to Seventh Day: Inside EM - Bloomberg:

Stocks in Abu Dhabi extended their losing streak for a seventh-straight session, the longest since May 2017.

The ADX General Index’s heaviest member, First Abu Dhabi Bank, fell 1.6 percent, placing the most pressure on the gauge. Last week, the index erased all its gains for the year.

Most equity measures in the Middle East retreated, mimicking a drop in emerging-market peers on Friday.

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