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Dubai market avoids bloodbath |
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News -
Business News
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Sunday, 07 August 2011 04:55 |
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Fears over a big crash following the U. S. downgrade were unfounded, at least in Dubai. After plummeting over five percent at the opening, the DFM
General Index eventually stabilised and ended down 3.69% at 1,484.31 points on surging trading volumes. Construction and real estate bellwethers Arabtec and Emaar lost 6.29% and 5.29%, respectively. Among the three gaining shares, Gulfa was the top performer (up six percent at Dhs2.65). Around 145.6m shares were traded, valued at Dhs188.33m. Read more:
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