Shares in Emaar Properties dip in early trade but selling pressure is light after the developer reported a drop in quarterly earnings and missed estimates, weighing on Dubai's market.
Emaar shares are down 2.4 percent at 3.66 dirhams, recovering from an early-session dip to 3.65, a technical
support level.
Weak market sentiment spurs selling in other sectors as well. Air Arabia and Dubai Financial Market fall 1.7 and 1.9 percent respectively.
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