Share prices in the United Arab Emirates were battered again yesterday over Dubais worsening debt woes, as the Gulf country insisted it was coping with the global economic crisis. The main index on the Dubai Financial Market shed 6.39 per cent to f
Dubai share prices closed 6.39 percent weaker on Wednesday and Abu Dhabi shed 2.82 percent even as the United Arab Emirates said it was coping with the global economic crisis. The Dubai Financial Market lost 104.69 points to end trading at 1,533.
Stocks on Dubai Financial Market yesterday tumbled for the third consecutive session this week as a broad-based selloff dragged the index to a 36-week low. Reflecting the confusion and uncertainty felt by individual investors and institutions, the
Dubai’s index fell to a 38-week low yesterday, weighing on other Gulf markets, while the cost of insuring the emirate’s debt soared as investors grew increasingly nervous about Dubai World’s $26bn restructuring. Dubai’s measure fell 6.4% to 1,533
Selling continued unabated yesterday as the Abu Dhabi Securities Exchange recorded another bleak session, falling 71.69 points, or 2.82 per cent, to 2467.04. "Of course, the market is bleeding but its looking better than Dubai Financial Market, which
Dubai shares slumped to its lowest level in more than nine months on Wednesday, wiping out its gains this year, as market confidence, already shaken by the emirate’s debt problems, got another pounding by property developer Nakheel’s first half losses
Abu Dhabi and Dubai stock market indices tumbled to new lows, with Abu Dhabi falling 2.8 per cent to 2,467 points and Dubai by 6.4 per cent to 1,533 points, its lowest close since March 19. Abu Dhabi ended at a 32-week low led by banks and real es
The Dubai Financial Market fell 6.39% today to 1,533, eliminating all of the indexs gains this year, as Moodys Investors Service downgraded six Dubai entities. Emaar Properties, Dubai Islamic Bank, Arabtec, and Aramex all fell nearly 10% on the day.
The Abu Dhabi Securities Index fell 2.82% to close on 2,467, with all sectors ending lower save health care. The real estate sector had the days biggest decline, led by Sorouh, which dropped 7.53% to Dhs2.16. In other sectors, Dana Gas fell 6.74% to
The UAE stock markets continues to decline in early trade of shares this morning on negative sentiment from Dubai World debts crisis. The Dubai Financial Market Index shed 6.47% by 10:20 local time (6:20 GMT), for the third day in raw after a declined