Continued decline in Dubai’s leading index

The decrease in quotations on the stock market continues, despite the announcement that Dubai World will soon restructure some of their companies.
Leading indices on exchanges in Dubai and Abu Dhabi today continued to be strongly reduced for the second straight day, lost in the opening, respectively, 6.25 percent and 5.91 percent, police AFP.Ponizhenieto quotes two exchanges became a fact in spite of the message last night that the government conglomerate Dubai World, which is experiencing financial problems will soon restructure some of their companies, among which is the giant of the real estate market exchanges experienced Nakheel.Dvete „black Monday“ (-7.3 percent for Dubai and -8.3 per cent in Abu Dhabi) for their discovery for the first time after the announcement of the authorities in Dubai that they intend to seek a moratorium of six months on the debt of Dubai World.Borsata in Kuwait reported a decline in its leading index 1.8 per cent at the opening today, when it was her first working day following the news about the financial problems of Dubay.Spadat stock exchange in Kuwait, which is the second capitalization in the Arab world after Saudi Arabia in exchange, is related to fears of repercussions kuveyski for companies in Dubai debt crisis, noted AFP.

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Finance