The Stock Exchanges in the Middle East Down after Brexit. The stock exchanges in the Middle East have also been severely damaged by the news that Britain is leaving the European Union, reports Zoom News.
The leading DFM General Index in Dubai closed 3.3 percent. In neighbouring Saudi Arabia, the Tadawul All-Share Index was 2 percent lower in mid-market trading.
The stock exchange in Qatar lost 1.8 percent, which in Abu Dhabi 1.9 percent. In Israel, the TA-25 Index fell by 2.8 percent. The Egyptian EGX 30 Index lost 5.8 percent.
The Brexit came as a surprise for investors on Friday, as they had assumed that the British would vote for a stay in the EU.
The stock exchanges in Europe, America and the Far East went on trade with significant losses on Friday.
In the Middle East, the first trading day did not take place until after Brexit.