Dubai’s benchmark stock index fell to the lowest in more than a week as oil prices dropped after trade data signalled that growth in China, the world’s second-biggest economy, is slowing.
The DFM General Index lost 0.2 per cent to 1,488.39 points, the lowest since July 2.
The Abu Dhabi’s ADX General Index fell 0.2 per cent to close at 2,474.97 points.
The Bloomberg GCC 200 Index fell 0.2 per cent in Dubai and Saudi Arabia’s Tadawul All Share Index lost 0.4 per cent.
Dubai Investments dropped 2.4 per cent to 69 fils, the lowest since June 27. Shuaa retreated 2.5 per cent to 62.5 fils, the lowest since February 9.
Bahrain’s gauge fell 0.2 per cent, while Oman’s MSM30 Index lost 0.7 per cent. Kuwait’s measure gained 0.2 per cent and Qatar’s QE Index rose 0.3 per cent.
Crude Oil Ends Higher On Weak Dollar
U.S. crude oil ended higher for a second straight day on Thursday, after the dollar dropped against a basket of major currencies following a slew of weak macroeconomic data out of the U.S. A weak dol
Light, sweet crude for June delivery rose 98 cents, or 1%,
Gold price falls further in longest losing streak in 4 years
Gold price's 7-session drop is longest losing streak in 4 years Gold fell on Friday for a seventh straight session, in its longest losing streak since March 2009, as the dollar strengthened and inves
Gold's Allure Is Starting to Fade
Gold prices skidded for their seventh consecutive trading session Friday, on track to mark the precious metal's longest losing streak in four years.
Recently, gold futures were trading 0.9
Mining stocks plunge as gold price falls
Gold fell last again night to around $1400/ounce and share prices for gold companies dropped significantly again yesterday.
Miners say its very tough raising money, exploration is moribund