Browse
related articles
Markets in state of 'collapse'
- Middle East: Wednesday, November 12 - 2008 at 10:24
For the third consecutive day, UAE shares have declined sharply with many shares down by 10% including Emaar which traded below Dhs4. A state of confusion prevailed among small traders after watching leading shares falling rapidly, a report by Rasmala described what is happening in the markets as a 'collapse'. UAE shares have now lost Dhs39bn in three days, adding Dhs27bn to the tally yesterday after DFM declined by 7.3% and ADX by 4.9%. Other regional markets suffered too including Doha 6.2%, Tadawul 4.5%, Bahrain 2.7%, KSE 2.1% and Muscat 2%.
Related Content
Article Options
StaffWednesday, November 12 - 2008 at 10:24 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
