Dubai index tumbles more than 4.5%

Dubai: Dubai index fell more than 4.5 per cent on Thursday, extending losses for a third straight day weighed by weak crude oil prices and on concerns that global growth may slow.

The Dubai Financial Market General Index fell 4.55 per cent to 4,287.33 at 1.16pm, while the Abu Dhabi index also fell 2.23 per cent to 4,771.12.

Emaar, which was the most active stock by value, fell 3.9 per cent. Arabtec was down 5.36 per cent.