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Markets fall on heavy sales
- Middle East: Wednesday, August 06 - 2008 at 09:01
The Dubai, Abu Dhabi and Muscat stock markets fell sharply yesterday, due to sales by international and local portfolios. Muscat fell by 1.5%, ADX by 1.1% and DFM by 1%. The Tadawul, the only winner yesterday, rose slightly by 0.38%, while Bahrain, Doha and Kuwait fell by 0.83%, 0.60% and 0.18% respectively. The return of tension over Iran's nuclear issue with the west pushed international investors, mainly in the UAE, into selling, while the absence of speculators contributed to the decline in the GCC markets.
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StaffWednesday, August 06 - 2008 at 09:01 UAE local time (GMT+4)
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