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Dubai market struggles with 1,620-level
- United Arab Emirates: Tuesday, November 13 - 2012 at 14:56
The DFM General Index lost 0.70% and closed at 1,614.85 Tuesday as Asian markets were heading again lower on Japan's recession worries. DFM heavyweights Emaar Properties (down 0.55%), Arabtec Construction (off 1.23%) and Dubai Islamic Bank (1.49% lower) ended in the red. Sharjah-based Air Arabia, the Middle East's largest budget carrier, jumped 2.60% as the airline benefitted from its 126% profit jump in the third quarter it reported Monday.
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Gérard Al-Fil, Financial JournalistTuesday, November 13 - 2012 at 14:56 UAE local time (GMT+4)
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