Dubai's stock market dipped yesterday, weighed down by Dubai Investments after the conglomerate reported a 54 per cent drop in second-quarter profit.
Dubai Investment's shares declined 4.6 per cent to 76 fils.
Net income for the company was Dh63.4 million in the quarter, down from Dh138.3m during the same period last year. Dubai Investments has the sixth-heaviest weighting on the emirate's benchmark.
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