Dubai shares fall to December low
DFM General Index drops 3.6 percent to 1,556.08, the lowest since December 9.
January 26, 2010 4:44 by kippreport
The Dubai Financial Market General Index yesterday fell by 3.6 percent to 1,556.08, the lowest since December 9.
The DFM led losses in the Gulf, amid fears over China is stepping up measures to cool its economy, reported Bloomberg.
Real estate companies were among the hardest hit. Emaar dropped 7.6 percent to AED2.9, while Union Properties, Dubai’s second biggest developer by assets, tumbled to AED0.54.
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