Saturday, 22 November 2008

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Gulf markets witness further declines

The Gulf stock markets continued to fall for the second consecutive day, except for the Saudi market which rose today by 2.3% after the index broke the 8,000 points mark. Muscat was the biggest loser today with a decline of 5.7%, followed by ADX which fell sharply by 3.8% to join Dubai Financial Market which lost 1% today. Doha also fell by 2.5%, Kuwait by 1% and Bahrain by 0.80%.
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