Middle East Stock Markets Plunge

From Arabian Business

Dubai stock market plunges nearly 7% 

Dubai's main stock index fell sharply on Sunday in response to a weak global trend as most shares declined.
As of 12:30pm UAE time, the benchmark had dropped 6.67 percent to 4,613.37 points as heavyweight Emaar Properties tumbled 6.99 percent.

Abu Dhabi's index, which is generally less volatile than Dubai's, fell 1.0 percent.

Dubai stocks seen going southwards were Arabtec (down 9.56 percent), Dubai Investments (down 8.70 percent), Tabreed (down 9.09 percent), Gulf Finance House ( down 9.43 percent) and Union Properties (down 8.53 percent)....MORE

From Middle East Online:
Geopolitical developments weigh heavily on Gulf stocks

Analysts and traders say markets are impacted by global growth fears, declining oil prices and conflicts
Share prices in the energy-rich Gulf states nosedived on Sunday with investors spooked over global growth fears, declining oil prices and conflicts, analysts and traders said.

All seven bourses, most of which resumed trading Sunday after a week-long Muslim holiday, ended in the red with Saudi Arabia and Dubai taking the lead.

The Saudi Tadawul All-Shares Index (TASI), the largest in the Arab world, tumbled 6.51 percent to close at 10,145.38 points, its lowest level since July 22. All but one of the 161 listed companies dropped.

The Dubai Financial Market index, which has made the largest gains among the Gulf markets so far this year, shed 6.54 percent to close at 4,619.60 points -- its lowest point in about three months.

Market leader property giant Emaar dropped 7.42 percent while construction firm Arabtec shed the maximum allowed 10 percent.....MORE

Finally, UAE's The National:
Panic selling rips through UAE markets over global economy fears