Business | Markets
UAE stock market crashes
Dubai's main stock market index ended 2.97 per cent lower at 5,094.56 points on Tuesday, its biggest one-day fall in six months.
- Agencies
- Published: 15:55 August 10, 2008
Dubai: Dubai's main stock market index ended 2.97 per cent lower at 5,094.56 points on Tuesday, its biggest one-day fall in six months.
Emaar Properties and Emirates NBD led the decline in Dubai, falling 3.83 per cent and 3.36 per cent respectively.
Arabtec Holding dropped 9.91 per cent.
Abu Dhabi's benchmark fell 2.55 per cent to 4,652.42 points.
Heavy selling by foreign investors in Aldar Properties and Sorouh Real Estate sent both stocks lower by 9.57 per cent and 9.51 per cent.
First Gulf Bank fell 9.84 per cent.
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