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UAE stocks plunge
- United Arab Emirates: Tuesday, November 11 - 2008 at 14:41
The Dubai Financial Market on Tuesday fell 184.23 points, or 7.29%, to close on 2,343. The Dubai Financial Market Co, Emaar Properties and Arabtec Holding led the decline, with DFM Co dropping 10% - the maximum limit - and Emaar and Arabtec falling more than 9.8%. Meanwhile, the Abu Dhabi Securities Exchange dropped 152.20 points, or 4.87%, to end the day on 2,975. Declines were led by Abu Dhabi Energy Co. (Taqa), which fell over 9.9%, and Sorouh Real Estate and Aldar Properties, both of which were down more than 9%.
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Jeff Florian, Senior ReporterTuesday, November 11 - 2008 at 14:41 UAE local time (GMT+4)
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