In a first reaction to the UAE financial markets after the announcement of the Dubai government to postpone the payment of debt obligations owed by the Dubai World and Nakheel, was the stock market of Dubai in the day for the largest decline since about a year at a time when it also dropped the Abu Dhabi index sharply।
The network "Bloomberg" to lower Dubai Financial Market Index by about 7.3% by the end of the day, which was considered the biggest drop since October 2008, and Abu Dhabi's index fell by 8.3%.
One expert predicted the occurrence of selling by foreign investors for several
Days in the affected market sentiment debt crisis.
The stock price of Dubai Ports to 15%, which represents the maximum allowed in the Nasdaq Composite Index Dubai, the share price fell as a "reconstruction" of approximately 9.9% as
Represents the maximum allowed for reductions in the stock market of Dubai and Abu Dhabi 10% during one trading session. It was both Moody's and Standard & Poor's reduced its ratings on the reconstruction of the shares last week.
The shares fell the National Bank of Abu Dhabi with 9.7% and is the sharp declines in the markets of Dubai and Abu Dhabi, despite the announcement of the UAE Central Bank announced the launch of liquidity in addition to local and foreign banks operating in the UAE.
The network "Bloomberg" to lower Dubai Financial Market Index by about 7.3% by the end of the day, which was considered the biggest drop since October 2008, and Abu Dhabi's index fell by 8.3%.
One expert predicted the occurrence of selling by foreign investors for several
Days in the affected market sentiment debt crisis.
The stock price of Dubai Ports to 15%, which represents the maximum allowed in the Nasdaq Composite Index Dubai, the share price fell as a "reconstruction" of approximately 9.9% as
Represents the maximum allowed for reductions in the stock market of Dubai and Abu Dhabi 10% during one trading session. It was both Moody's and Standard & Poor's reduced its ratings on the reconstruction of the shares last week.
The shares fell the National Bank of Abu Dhabi with 9.7% and is the sharp declines in the markets of Dubai and Abu Dhabi, despite the announcement of the UAE Central Bank announced the launch of liquidity in addition to local and foreign banks operating in the UAE.
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