"Dubai's bourse suffered its largest one-day drop in 15 months on Sunday, while other Gulf markets were mixed as a lack of positive catalysts spurred investors to cash in early-year gains. Trading volumes thinned in a typical summer lull.
The main Dubai index fell 2.6 percent to 2,300 points, a four-week low, in its biggest one-day loss since March 2012. The drop triggered a bearish right triangle formed by the highs and lows since early June, and pointing down to near the 2,100-point area.
However, traders generally blamed profit-taking after this year's gains of more than 40 percent, rather than any fundamental worsening of Dubai's outlook, and did not think the drop indicated Dubai would become dominated by the bearishness engulfing many other emerging markets."
'via Blog this'
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