Kuwaiti parliament speaker Marzouq al-Ghanim (R) and Oil and Finance Minister, Anas al-Saleh (2 from L), attend a parliament session at Kuwait's National Assembly in Kuwait City on January 13, 2016. / AFP / YASSER AL-ZAYYAT
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Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices as Iran prepares to resume crude exports after the lifting of sanctions.The Qatar Exchange, the second largest in the Gulf after Saudi Arabia's, plunged 7.2 percent to close trading just above the 8,500-point mark, last seen in April 2013 .The Dubai Financial Market dropped 6.0 percent at the opening but recovered slightly to close the day down 4.64 percent to 2,684.9 points, a three-year low.The Abu Dhabi Securities Exchange also slumped 4.24 percent but remained above the 3,700-point mark.The Kuwait Stock Exchange dropped 3.2 percent to just above the 5,000-point mark, levels only seen in May 2004 .
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