Dubai market wipes off 2014 gains

Dubai: The Dubai index fell another 7 per cent for a second straight session on Sunday, wiping off most of the gains registered so far in the year, after crude oil plunged again last week.

The Dubai Financial Market General Index ended 7.61 per cent lower at 3,321.33, after hitting a low of 3,312.48, a level last seen in January.

The Abu Dhabi Securities Exchange General Index also ended 3.63 per cent to be at 4,209.75.