The Pakistani Prime Minister also offered condolences to the family of Sheikh Tahnoun bin Mohammed and all members of the Al Nahyan family
Dubai Financial Market was down 2.3 per cent with 26 out of 28 scrips trading in the negative territory. The decline was led by Dubai Islamic Bank, Emaar Properties, Gulf Navigation, Damac Properties and Amanat.
Abu Dhabi index slipped 1.9 per cent to 3,894 points, pushed down by banking stocks. First Abu Dhabi Bank and Abu Dhabi Islamic Bank shares were down 3.44 per cent and 3.2 per cent, respectively.
The US oil prices crashed into the negative territory due to oversupply and storage issues on Monday, pushing US equity markets also down. The Dow tumbled 2.4 per cent, S&P 500 slipped 1.8 per cent and technology-laden Nasdaq shed 1.2 per cent.
US oil prices hobbled back into positive territory on Tuesday after sinking below $0 for the first time ever, but international benchmark Brent dipped as the global coronavirus crisis severely reduces demand for crude.
US West Texas Intermediate (WTI) crude for May delivery was up $37.7 in thin trade at $1.0 a barrel by 11.10am UAE time after settling down at a discount of $37.63 a barrel in the previous session.
Among other regional bourses, Saudi Arabia's Tadawul slumped 1.5 per cent within few minutes of opening the trade. Kuwait's index declined two per cent while Muscat Securities Market dropped 0.6 per cent in early trade. Bahrain and Qatar bourses also opened lower. Qatar slipped 1.1 per cent while Bahrain dipped marginally on Tuesday.
waheedabbas@khaleejtimes.com
The Pakistani Prime Minister also offered condolences to the family of Sheikh Tahnoun bin Mohammed and all members of the Al Nahyan family
Griffiths' comments came during a session at the Arabian Travel Market where he said a lot of calculations had gone into designing the new terminal
The authority warned residents of the dangers of sending students to school with unlicensed drivers
This is the first Golden Ball to go for auction
Facility showcases its exciting proposition at the 2024 arabian travel market
Dube has established himself as one of the most destructive middle-order batters in the IPL, scoring 350 runs at a 170-plus strike rate
Fraser-McGurk has blasted 309 runs in seven matches for the Delhi Capitals at a strike-rate of 235.87
The mayor of Seoul also extended a cordial invitation to the RTA to participate in the upcoming Seoul Smart Life Week