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Emaar stock plunges
- United Arab Emirates: Monday, October 06 - 2008 at 09:12
Shares of Dubai-based Emaar Properties, the Middle East's biggest publicly traded real-estate company, lost the most since 2000 on concerns that the US bank bailout won't be enough to stop the global credit crisis reaching the emirate, reported Bloomberg. Emaar fell as much as 13.9% to 6.67 dirhams in Dubai, the biggest one-day drop since March 2000, according to Bloomberg data. It ended the day down 12.26% to close 6.80 dirhams.
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Jeff Florian, Senior ReporterMonday, October 06 - 2008 at 09:12 UAE local time (GMT+4)
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