Dubai’s Financial Market General Index is now down 40% since the peak in oil prices in June this year. For now, only Qatar is clinging to gains year-to-date as the rest of the Middle Eastern equity markets give up 30-60% gains from mid-year and tumble to negative. Dubai and Abu Dhabi alone are down over 8% since Friday.
Year-to-date, Kuwait is now down almost 20% with only Qatar clinging to gains…
as All Middle Eastern equity markets have collapsed since oil peaked…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1DGzH8s Tyler Durden