Arab Today, arab today gulf arab markets tumble on greek surprise
Last Updated : GMT 21:26:48
Arab Today, arab today
Arab Today, arab today

Gulf Arab markets tumble on Greek surprise

Arab Today, arab today

Arab Today, arab today Gulf Arab markets tumble on Greek surprise

Dubia - Xinhua

The sharp rise at the Gulf Arab markets at the start of the week was only short-lived as Greek Prime Minister George Papandreou surprised the global markets when he called his citizens for a referendum on a bailout decided by the European Union (EU) leaders last week. All the Gulf Arab stock indexes ended in the red Tuesday, with the Dubai Financial Market (DFM) posting the largest loss, closing down 1.8 percent at 1,382.71 points. Shares of budget flyer Air Arabia declined 0.47 percent to 0.63 dirhams (about 0.17 U.S. dollars). Earlier in the day, Air Arabia reported a 26-percent net profit decrease to 100 million dirhams ( 27 million dollars), as competition gets increasingly fierce in the civil aviation sector in the Middle East. At the NASDAQ Dubai, the international exchange of the sheikhdom of Dubai, shares of ports operator Dubai Ports World bucked the negative trend by gaining half a percent to reach 11 U. S. dollars. The Abu Dhabi bourse\'s ADX General Index dipped 0.2 percent, ending at 2,496.37 points. Shares of Islamic insurer Abu Dhabi National Takaful, which were not traded, were valued at 6.25 dirhams (1.7 dollars). Earlier in the day, Abu Dhabi National Takaful reported that its third quarter profit climbed 31 percent to 21 million dirhams (5.7 million dollars). The Saudi Arabian market Tadawul in Riyadh fell 1.11 percent to 6,155.1 points. The Kuwait market KSE closed even at 5,916.10 points, while the Bahrain Bourse in Manama declined 0.11 percent to 1,146.39 points. Nevertheless, Gulf Arab markets performed far less negative than exchanges in Frankfurt or New York.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gulf arab markets tumble on greek surprise Arab Today, arab today gulf arab markets tumble on greek surprise

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gulf arab markets tumble on greek surprise Arab Today, arab today gulf arab markets tumble on greek surprise

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday