Dubai: The Dubai index fell on Monday, continuing its decline for a second session in a row, to hit its lowest level in five months led by Emaar Properties amid plunging crude oil prices.
The Dubai Financial Market (DFM) General Index hit a low of 4,109.13, a level last seen in early July, before trading 2.78 per cent lower at 4,162.33 at noon.
Emaar Properties, which went ex-dividend (a stock is given ex-dividend status if a person has been confirmed by the company to receive the dividend payment), fell to its lower limit of 10 per cent to be at Dh9.54 per share. Investors had to own the share before today to get the dividend.
The ADX index also fell to be 0.45 per cent down at 4,653.86.
