Jun 21 2012
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MARKET TALK: Most Gulf Mkts End Dn; Euro Concerns in Focus
Thursday, Jun 21, 2012
1105 GMT [Zawya Dow Jones]--Most Persian Gulf markets end lower--only Abu Dhabi manages to notch up gains--on heightened euro zone caution even as Spain prepares to seek a formal bailout for its ailing banks. Weaker Asian and European markets after the US Fed Wednesday decided against a widely-expected aggressive monetary stimulus, weighed on sentiment too. Dubai's DFM index ends down 0.4% at 1470.45, while Abu Dhabi stocks finished +0.8% at 2508.59. Kuwait's index closes -0.3% at 5901.57 and Qatar's QE Index ends down 0.7% at 8253.46. Crude oil futures too under pressure; crude futures for delivery in August trades at $81.45 a barrel, down $0.98. (email@example.com; Twitter: @ZDJnews)
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