Update November 23, 2015

Dhaka 1-14 am, 24-September, 2020

Gulf markets edge down

Sumel Sarker

An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014. The spectacular rise and fall of Arabtec, Dubai's most heavily traded stock, teaches hard lessons about how risky the region remains for investors even as its rapid economic growth lures billions of dollars in fresh funds from abroad. Wild trading by local retail investors who dominate activity, plus weak corporate disclosure and a hands-off approach by regulators, can make a toxic mix, and on occasion destabilise entire markets.  REUTERS/Stringer  (UNITED ARAB EMIRATES - Tags: BUSINESS) - RTR3VP40

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.

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