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UAE stocks plunge
- United Arab Emirates: Tuesday, January 22 - 2008 at 14:31
UAE stocks tumbled for a fifth straight day on Tuesday. The Abu Dhabi Securities Market suffered its largest one-day decline in at least four years, according to Bloomberg, losing 315.46 points, or 6.83%, to finish on 4,302. Qatar Telecom had the day's biggest loss, down 10%. Meanwhile, the Dubai Financial Market dropped 345.11 points, or 6.21%, to end on 5,210. Agility Logistics had the index's largest fall, down 15%.
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