AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.
The DFM General Index dipped below 1,400 points Tuesday, closing 1.44% lower at 1,387.31 points. Emaar Properties, the most liquid share, ended down three percent to Dhs2.56. The DFM, the only Arab market which is publicly listed, plunged 2.83% to Dhs1.03. "October could be torrid for investors," says Gary Dugan, CIO Private Banking at bank Emirates NBD (off 1.82% at Dhs3.77). "During the month Greece will either run out of money or have a further bail out from the Euro zone and IMF. Although G20 is set to meet in Cannes, France in November, I doubt the markets will be that patient to wait." Air Arabia, one of the four advancing shares, gained 0.16% to reach Dhs0.62. Trading volumes surged 7.5% as some 85m stocks were traded, valued at Dhs109.5m.