Traders react during the opening of the Dubai stock market
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Middle Eastern stocks followed declines across global markets on uncertainty over 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 declined 4.7 percent. Saudi Arabia's Tadawul All Share Index fell 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.About 320 million shares were traded on the DFM General Index, almost twice the 20-day average.On Saudi Arabia's main gauge, 356 million shares were exchanged, 67 percent more than the 20-day average.Qatar's QE Index retreated 1.2 percent, ending an eight day winning streak. Oman's MSM 30 Index slipped 0.6 percent, the first drop in four days. Even though the company's equity dropped for a seventh day, the longest losing streak since August, it's up 116 percent this year, compared with a 2.2 percent loss for the EGX 30 Index.
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