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Article: Equities Languish on Weak Global Markets.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- October 30, 2009
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Summary: DUBAI u UAE shares languished on Wednesday, with weak global markets prompting investors to take profits from recent gains in the absence of major catalysts at home.
Real estate and construction-related stocks weighed on the Dubai index, with Emaar Properties declining by 3.5 per cent to Dh4.67. Deyaar Development lost by 3.6 per cent to Dh0.80, while Union Properties edged down by 3.8 per cent to Dh1.02.
In Abu Dhabi, Aldar Properties was down by 3.3 per cent to Dh6.06, a day after it posted a 44 per cent drop in its third quarter profit.
The benchmark index of the Dubai Financial Market slipped by 1.4 per cent to 2,286.26. The main ...