Dips permeated Gulf financial markets against the backdrop of the continued decline in oil

Shares in Gulf markets fell strongly on the first day of trading Sunday the impact of lower crude prices to new low levels.

The long decline in all GCC markets recorded the biggest declines in Dubai and Doha as investors continued to dispose of the shares.

Dubai's index fell 7.6% to 3321.30 points, the lowest level in 2014.

The Dubai market gained earlier this year of 60% compared to the year to close 2013, but all of these profits evaporated and the lowest index is up 1.5% from last year shut down.

Shares in Emaar leader by 8%, while Arabtec lost 9.7%.

A financial expert Jassem Al-Saadoun said "a sharp drop in crude prices caused the movement caused panic selling, but the reaction to this exaggerated".

Abu Dhabi market fell by 3.6% to the level of 4209.8 points, the lowest level to 1.9% from last year's closing.

Shares of the energy sector in the UAE capital market by 9.3%.

The Saudi market, the largest in the Arab world index, lost 3.3 percent to 8119.08 points, the lowest level since 12 months.

He lost the petrochemical sector leadership 3%, especially SABIC shares, which fell 1.3%.

Qatar's index fell 7.2% before that offset some of the losses and up to 11114.43 points, the lowest level since the beginning of the year.

The Kuwait Stock Exchange lost 2.9% to reach its index to 6247.75 points, the lowest level since 22 months, despite the inclusion of the shares of VIVA, the third mobile telecom operator in Kuwait.

The MSM index fell 3.2% to 5623.65 points, while Bahrain's index lost 0.6%.

With the exception of Qatar and Bahrain, are all Gulf markets without closing level in 2013.

Since September, the market value of GCC Capital Market declined by $ 190 billion to $ 980 billion, according to the Arab Monetary Fund.