Hadeel Al Sayegh
Kuwait's shares dropped to their lowest in seven years as Europe's worsening debt crisis dampened investor confidence.
Zain, a Kuwaiti mobile operator, was down 1 per cent to 950 fils a share. Agility, the logistics operator, was down 1.9 per cent to 255 fils and Gulf Bank was down 2 per cent to 950 fils
The Kuwait Stock Exchange Unweighted Index dropped 0.8 per cent to 5,850.60, the lowest level since August 2004.
In the UAE, the Dubai Financial Market General Index gained 0.2 per cent to 1,464.00 after losing as much as 1.4 per cent earlier.
Deyaar Development, which was up 4.1 per cent to 28 fils, lifted the index after the developer said it was back in the black as sales of completed projects fed through to its financial results.
The Abu Dhabi Securities Exchange General Index was down 0.5 per cent to 2,588.64.
"There is panic across the markets and volatility will continue," said Mohammed Ali Yasin, the chief investment officer at CAPM Investments in Abu Dhabi.
"Today sentiment is moving markets rather than fundamentals, yet Dubai shares are up because panic attacks usually don't last very long, or move in just one direction."
Elsewhere in the region Bahrain's measure lost 0.4 per cent to 1,266.37 and Qatar's benchmark lost 0.2 per cent to 8,107.47. The Saudi Tadawul All-Share Index was closed for the day.
halsayegh@thenational.ae
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UAE currency: the story behind the money in your pockets
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
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Final results:
Open men
Australia 94 (4) beat New Zealand 48 (0)
Plate men
England 85 (3) beat India 81 (1)
Open women
Australia 121 (4) beat South Africa 52 (0)
Under 22 men
Australia 68 (2) beat New Zealand 66 (2)
Under 22 women
Australia 92 (3) beat New Zealand 54 (1)
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Blackpink World Tour [Born Pink] In Cinemas
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Israel Palestine on Swedish TV 1958-1989
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Rating: 5/5
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