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Dubai market dives two percent

Stocks a the DFM lost across the board, sending the DFM General Index down by 2.03% to 1,546.65 points. Emaar plummeted 3.18% to Dhs3.04. Emaar lost 9.74% during the last month of trading. Cooling specialist Tabreed dived 10% to hit Dhs1.26. Abu Dhabi-based investment firm Mubadala increased its stake in Tabreed to 26.1%, Tabreed said yesterday. Dubai Insurance gained the most among the four gaining shares, closing up 0.92% to reach Dhs2.20. Twenty-four stocks lost and three ended flat. Some 171.24m shares valued at Dhs192.32m changed hands.