Sunday 3 June 2012

Faltering Dubai bourse on edge of bear territory - The National

If you go down to the Dubai stock market today, you may be in for a surprise.

Bear sightings have become more frequent in the area as global oil prices sink and share values dwindle.

The Dubai Financial Market (DFM) General Index sank 2 per cent to 1,441.80 yesterday, hitting a five-month low and leaving the emirate's benchmark on the cusp of becoming a bear market - defined as a decline of 20 per cent over a given period.

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