SUBSCRIBERS

Dubai stocks lead falls across Mideast equities

Expectations of hike in Fed interest rates this year push Brent crude lower

Published Sun, Nov 8, 2015 · 09:50 PM
Share this article.

Dubai

DUBAI stocks dropped into a bear market, leading declines across most Middle Eastern equities after a US labour report increased expectations that the Federal Reserve will lift interest rates this year, pushing Brent crude lower.

The DFM General Index slid 3 per cent to 3,347.23 on Sunday, the lowest level since December and the biggest drop in more than two months. The gauge has entered a bear market after fal…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here