Monday 16 May 2011

UAE bourses in need of a catalyst - The National

How the ADX closed on May 16, 2011.
How the DFM closed on May 16, 2011.

    Dubai shares dropped to the lowest level in more than a month as investors booked profits amid a lack of catalysts.

    The Dubai Financial Market General Index declined 1.4 per cent to 1562.58 points, the lowest since April 10.

    Emaar Properties, the region's biggest developer, lost 2.2 per cent to Dh3.10. Aramex, the largest courier company in the region, fell the most in a week.

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