Stock markets across the Gulf fell steeply again on Tuesday, triggered by uncertainty over debt problems in Dubai.The Dubai stock market plunged by 6.25% on opening, coming back only slightly to end the day 5.61% down. Abu Dhabi, which has pledged to help to its stricken neighbour "on a case-by-case basis", saw its main index slip another 3.5%.
Markets in both emirates fell by more than 7% on Monday, their first day of trading after the four-day Muslim holiday of Eid al Adha. Meanwhile Qatar's DSM Index, which was closed on Monday, joined the slide on opening. The index shed more than 8% over the day amid a panic sell-off, losing all its 2009 gains.
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