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. Saudi Arabia is down 7.3% today - the biggest drop in 6 years.
Saudi Arabia's worst day in 6 years
[8]
Year-to-date, Kuwait is now down almost 20% with only Qatar clinging to gains...
[9]
as All Middle Eastern equity markets have collapsed since oil peaked...
[10]
Charts: Bloomberg
