Business | Markets

Palestinian teacher gets respite from losses

A Palestinian woman who had lost 80 per cent of her lifetime savings in the Dubai Financial Market by Wednesday was upbeat yesterday after recovering a tiny fraction of her investment by closing time.

  • By Abbas Al Lawati, Staff Reporter
  • Published: 00:27 October 10, 2008
  • Gulf News

Dubai: A Palestinian woman who had lost 80 per cent of her lifetime savings in the Dubai Financial Market by Wednesday was upbeat yesterday after recovering a tiny fraction of her investment by closing time.

"This doesn't mean anything. But at least I know that I'm not still losing. I curse the day I was talked into investing in the stock market," said Umm Haitham, who had invested Dh1 million of savings from her 27-year teaching job at a public school.

She said however that she expected the market to perform better in the coming days, but recovering her losses could take a much longer time.

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