Gulf markets edge down
23 November 2015, Nirapad News: Major Gulf stock markets edged down in early trade on Monday in response to weak oil prices and a lack of fresh, positive corporate news. Dubai’s index slipped 0.4 per cent as real estate and construction firms dropped, with Union Properties losing 1.7 per cent. The euro hit a seven-month low against the United Arab Emirates dirham on Monday – negative news for foreign investment in the UAE property market. Abu Dhabi edged down 0.1 per cent as Aldar Properties fell 0.9 per cent. However, Dana Gas was again the most heavily-traded the Abu Dhabi stock, rising 2.3 per cent after jumping 4.9 per cent on Sunday. Qatar’s index slid 0.7 per cent with all 10 of the most heavily-traded stocks lower. The most active stock, Masraf Al Rayan, dropped 1.6 per cent, according to Reuters.