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Dubai market slips as UAE National time-out approaches
- United Arab Emirates: Monday, November 26 - 2012 at 14:37
Ahead of the 41st UAE National Day to be observed on December 2nd, the DFM General Index fell 0.80% to 1,589. The UAE market regulator ESCA said earlier in the day that trading will be suspended on Sunday Dec. 2 and Monday Dec. 3 on the occasion of national day celebrations. Market bellwether Emaar Properties lost likewise 0.80% to hit Dhs3.70 after posting strong gains on plans for Mohamed Bin Rashid City, the emirate's recently announced project to host the world's largest shopping mall in a new "city within the city" between the world's largest tower Burj Khalifa (828m) and Emirates Road. Trading volumes dived as only 57m shares worth Dhs78.8m changed hands.
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Gérard Al-Fil, Financial JournalistMonday, November 26 - 2012 at 14:37 UAE local time (GMT+4)
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