* Pressured by Arabtec, Dubai leads losses in Gulf * Hard landing follows months of speculative euphoria * Profit-taking followed MSCI upgrade of UAE, Qatar * Saudi Arabia, Kuwait sluggish * Iraq crisis, Ramadan lull dampen region By Olzhas Auyezov DUBAI, June 30 (Reuters) - Gulf stock markets ended their worst quarter in years on Monday as speculative bubbles continued to deflate in some stocks while the security crisis in Iraq and a lull in activity during the holy month of Ramadan dampened fresh buying. The Dubai index tumbled 4.4 percent to a three-month closing low of 3,943 points, bringing its losses from a multi-year peak hit in May to 27 percent - although it is still up 17 percent year-to-date.
07-01-2014, 09:42 PM
MIDEAST STOCKS-Dubai plunges as Gulf markets end worst quarter in years
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