Brexit Fallout: Do Gulf Markets Have Further to Fall?
Middle Eastern stocks followed declines across global markets as investors sought answers to how Britain’s decision to leave the European Union will affect economies in the region. Dubai’s DFM General Index lost 3.3 percent, the most since January, as Emaar Properties PJSC tumbled 4.7 percent. Saudi Arabia’s Tadawul All Share Indexfell 1.1 percent as more than 85 percent of its members retreated. The Bloomberg GCC 200 Index, a gauge of the biggest and most liquid stocks in the region, dropped 1.3 percent, the most in a month. Eshara Capital Founder Alex Guy discusses with Bloomberg's Tracy Alloway on "Bloomberg Markets Middle East."
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U.K.'s May Calls for Two-Year Brexit Transition Period
20:34 - U.K. Prime Minister Theresa May speaks in Florence, Italy on the need for a period of implementation after the nation leaves the European Union. (Source: Bloomberg)