Dubai's markets came back down to earth this morning, but an improving economic picture gave hope that the emirate would find a soft landing as global markets plummet.
After a day spent blissfully detached from the troubles engulfing Europe yesterday, the Dubai Financial Market General index fell 0.8 per cent in the opening hours of trading before rising slightly, currently off 0.07 per cent at 1,600.36.
Leading the decline was Dubai Islamic Bank, which fell 0.47 per cent to Dh2.10 per share, though construction stocks including Emaar Properties and Arabtec saw large volumes traded.
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