Dubai Stock Market Falls On Syria Fears

By Editorial 28 August, 2013

The Dubai Financial Market (DFM) fell 7.01 percent on Tuesday, August 27, 2013 and a further 6 percent on Wednesday, amid fears of a Western coalition military strike against Syria.

Tuesday's drop was the biggest in the world. As of midday on Wednesday, the DFM Index had fallen to 2,400 points.

Qatar's stock market experienced a 4 percent plunge on Wednesday, while Saudi Arabia's Tadawul declined 2 percent. Kuwait and Oman fell 1 percent and 2.7 percent respectively.

On Monday, August 26 the US said that it was willing to launch a military intervention in Syria with its Nato allies in response to the use of chemical weapons by Al Assad's regime.

Tags: Investment | Kuwait | Saudi Arabia | Syria | Qatar | Stock Exchanges | Dubai | Oman | Expats |


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