After a brief respite in the form of Sundays surprise gains, Dubai Financial Market fell 5.84 per cent yesterday, taking the general index to a 18-week low. Mirroring the prevailing negative sentiment, the index dropped by 108.30 points to close at
The Abu Dhabi Securities Exchange remained insulated from widespread selling yesterday as it moved marginally lower with selling pressure limited to the banking, energy and realty sectors. The general index fell 1.73 per cent, or 46.17 points, to end
Shares in Dubai’s giant property developer Emaar dropped the maximum-allowed 10% yesterday as stocks in the UAE took a fresh tumble over Dubai’s debt woes. The Dubai exchange slumped 5.84% and Abu Dhabi’s market dropped 1.68%, after both on Sunday had
Dubais index slumps to a 20-week closing low as foreign investors dump stocks after the emirates government says it will not sell any assets to meet the multi-billion dollar obligations of Dubai World. Emaar Properties falls the maximum 10 per cent,
The main stock exchanges in the United Arab Emirates fell in early trading on Monday, with Dubai slumping by more than five per cent and Abu Dhabi dropping by 0.79 per cent. The Dubai Financial Market fell to 1757.45 points, a 5.16 per cent fall, a d
Dubai shares fell to their lowest level in months on investor concerns that the government might be unwilling to sell its own assets to help repay the debts of the cash-strapped Dubai World conglomerate. Emaar, the UAE’s biggest property develo
The Dubai Financial Market fell 5.84% today to close on 1,744, as the index pulled back following yesterdays gains. Declines were led by market heavyweight Emaar Properties, which dropped 10% to Dhs3.15. Other real estate stocks that saw big losses w
The Abu Dhabi Securities Exchange reversed yesterdays gains by falling 1.73% today to close on 2,626. Abu Dhabi Commercial Bank fell 8.82% to Dhs1.56, while First Gulf Bank dipped 6.35% to Dhs13.80. Gainers were led by National Bank of Fujairah, whi
The Abu Dhabi Securities Market and Dubai Financial Market end the shares trading Monday down once again after a short gaining the both markets had Sunday. Abu Dhabi and Dubai markets are still not recovered from the losing last week following an
Dubais index fell 5.9 per cent to a 20-week low after the emirates government said it will not sell any assets to meet the multi-billion dollar obligations of state-owned Dubai World. The index fell to 1,745 points, its lowest level since July 22 at