UAE stocks edge lower as Saudi outlook cut weighs

Dubai: UAE stocks edged lower on Tuesday afternoon after reports of an outlook cut by Standard and Poor’s for Saudi Arabia. The Dubai Financial Market General Index was down 0.73 per cent to be at 3,912.65 at 12.48pm. Damac Properties extended losses by falling more than 9 per cent in trade to be at Dh2.52. The Abu Dhabi Securities Exchange General Index was 0.02 per cent lower at 4,646.02.