Dubai: The Dubai index traded choppy in early trade on Tuesday, after gaining more than 25 per cent in the past three sessions, amid rising crude oil.
The Dubai Financial Market general index was down 0.73 per cent at 3,723.78 at 10.52am, after moving in the positive and negative territory. The Abu Dhabi Securities Market General Index was 0.11 per cent higher at 4,483.36.
Oil advanced for the second time in three days as investors weighed a projected decline in US crude inventories against signs that Iraq is joining other OPEC members in defending market share.
Crude is set for the biggest annual loss since 2008 as the US pumps at record levels while Saudi Arabia and the UAE pledged to maintain output.
