Greece woes hit Dubai shares; Egypt slumps.Summary: DUBAI - Dubai's stocks declined for the second time in three days after oil slumped to a six-month low on concern Greece will have to exit the euro system. Egypt's measure lost the most in more than a month.
DUBAI - Dubai's stocks declined for the second time in three days after oil slumped to a six-month low on concern Greece will have to exit the euro system. Egypt's measure lost the most in more than a month.
Arabtec Holding fell 2.1 per cent. Emaar Properties Emaar Properties (Arabic: إعمار), the Dubai-based Public Joint Stock Company and one of the world’s largest real estate companies, is listed on the Dubai Financial Market and is part of the Dow Jones Arabia Titans Index. slumped to the lowest since March. Dubai's DFM DFM Design for Manufacturing (newsletter)
DFM Design for Manufacturability
DFM Dubai Financial Market
DFM Delphi Form (computer filename extension)
DFM Distinguished Flying Medal
DFM Diesel Fuel Marine General Index lost 0.6 per cent to 1,466.56 at the 2pm close in the emirate e·mir·ate
1. The office of an emir.
2. The nation or territory ruled by an emir.
Noun 1. emirate - the domain controlled by an emir .
"Worry over rapidly falling oil prices, continued geopolitical ge·o·pol·i·tics
n. (used with a sing. verb)
1. The study of the relationship among politics and geography, demography, and economics, especially with respect to the foreign policy of a nation.
a. turmoil and concern over the Greek debt issue continues to erode investors' appetite," said Nabil Farhat, a partner at Abu Dhabi-based Al Fajer Securities.
Abu Dhabi's benchmark index lost 0.2 per cent.
In Egypt, the EGX30 Index slumped 2.2 per cent ahead of presidential elections this week.
Arabtec decreased the most in a week, falling to Dh2.86. Emaar, developer of the world's tallest skyscraper, lost 0.7 per cent to Dh2.88, the lowest since March 8.
Elsewhere in the Gulf Cooperation Council, Qatar's QE Index fell 0.6 per cent and Kuwait's gauge dropped 0.1 per cent, while Oman's benchmark stock index slipped 0.7 per cent. Bahrain's measure fell 0.2 per cent as Saudi Arabia's benchmark index advanced 0.6 per cent.
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