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Dubai and Abu Dhabi markets down in early trading
07 December 2009 02:40 am
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The main stock exchanges in the United Arab Emirates (UAE) fell in early trading on Monday, with Dubai dropping by 2.86% and Abu Dhabi by 0.43%.

The Dubai Financial Market fell to 1,800.05 points, after closing at 1,853.13 points on Sunday, a rise of 1.18% from last week.

The Abu Dhabi Securities Exchange dropped slightly to 2,661.57 in early trading on Monday, after having closed up a hefty 3.89% on Sunday at 2,673.12 points.

The Kuwaiti stock market was also down at the opening on Monday, dropping 0.22%. It closed on Sunday at 6,726.2 points, a 0.5% rise from last week.

Both the Dubai and Abu Dhabi markets suffered heavy losses last week over Dubai's debt woes. The Dubai index plunged 12.5 % over a two-day trading period, while Abu Dhabi's slumped 11.6%.

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