UAE markets lead as Gulf share values plummet
Oct 23, 2017-
The value of shares traded on Gulf stock markets plummeted this year, a report said on Sunday, in the latest sign of how the region’s economies are struggling with the drop in oil prices. The United Arab Emirates’ exchanges in Dubai and Abu Dhabi led the dive in liquidity levels, which measure the value of traded shares and are normally a reflection of the health of national economy. Liquidity at the Dubai Financial Market, the most open to global markets and investments, fell 72.6 percent in the first three quarters of 2017 compared to the same period last year, Kuwait’s Al-Shall Consultants said. At the Abu Dhabi Securities Exchange, liquidity levels in the first nine months of the year dropped 71.1 percent, followed by the Qatar Bourse which fell 65.6 percent, Al-Shall said in a report.
Published: 23-10-2017 09:17