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Dubai bourse declines by 0.61% as blue chips lose further ground

The DFM General Index closed at 1,366.22 points Monday, as Shuua Capital (down 3.08% at Dhs0.756) weighed due to ongoing uncertainty over the Euro debt crisis, while DMF shares rebounded by 0.92% to reach Dhs0.99. Emaar Properties fell 1.20% to Dhs2.47. According to the DIFC Economic Weekly, quoting Saudi Arabia's NCB, Dubai will witness an excess supply of 15,000 units on the housing market end of year. Some 56.32m shares were traded, valued at Dhs66.7m.