Dubai market dives on U. S. Hurricane Sandy, lackluster post-Eid trading
- United Arab Emirates: Monday, October 29 - 2012 at 13:52
With just 68.4mshares worth Dhs81.6m changing hands, the Dubai Financial Market closed Monday trading 1.17% lower at 1,622.10 points, representing a two-week low. Earlier in the day, U. S. securities markets said trading in New York will remain closed Monday and possibly Tuesday due to security reasons as the East coast expects Hurricane Sandy. In Dubai, market bellwether Emaar Properties plummeted 1.63% to hit Dhs3.62. Islamic insurer Takaful Emarat gained the most (up 3.85% at Dhs0.593). The Dubai-based Islamic insurer will publish third quarter results on Thursday, November 1.
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