Stocks plunge, DFM Index drops below the 3,100-point at opening
Stock markets in the Gulf states opened the week’s trading Sunday sharply down with the bourse in the booming city of Dubai shedding five percent.
The Dubai Financial Market Index dropped below the 3,100-point mark in the first few minutes after the opening.
The Kuwait Stock Exchange, the second largest in the Arab world, shed 2.4 percent to below 10,300 points led by the banks which dropped 2.4 percent and investments 2.3 percent.
Investors in the market, who staged a walkout on Thursday, called for a protest later in the day over what they call a government failure to help the sagging market.
—-Maybe the oil-ticks should try pumping-up the price of oil, see how that works?
Short memories.