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DUBAI, June 26 (Reuters) - Gulf stock markets fell sharply in early trade on Sunday in response to the global market turmoil caused by Britain's decision to leave the European Union.
Dubai's index
.DFMGI
was down 4.6 percent after 10 minutes to 3,211 points, near technical support on the May low of 3,197 points.
Speculative stocks favoured by local retail investors were hit hardest, with Arabtec
ARTC.DU
losing 6.4 percent. Blue chips such as Emaar Properties
EMAR.DU
, down 3.5 percent, fared relatively well.
Abu Dhabi's index
.ADI
sank 3.3 percent with Dana Gas
DANA.AD
, the most heavily traded stock, plunging 5.4 percent.
(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
Dubai's index
Speculative stocks favoured by local retail investors were hit hardest, with Arabtec
Abu Dhabi's index
(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))