• HSBC

Property stocks fall

  • Middle East: Thursday, August 21 - 2008 at 14:28

Property stocks in the Gulf declined on Thursday on concern investigations into corruption at real-estate companies in the UAE may widen, reported Bloomberg. Tamweel sank to the lowest this year, even after the company denied it's being investigated by Dubai police. Aldar Properties fell for a second day, while Emaar Properties dropped to the lowest in more than three years.

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