Dubai Financial Market suffers worst day since 2008 | The National:
"Billions of dirhams were wiped off the value of some of the UAE’s largest companies on Thursday after the country’s stock markets each suffered their worst day of trading in more than five years.
Investors’ fear over the falling price of oil intensified after Opec lowered its forecasts for world crude demand for the coming year, sparking a mass sell-off of shares by small and large investors.
The Dubai Financial Market benchmark was the world’s worst-performing, plumetting 7.4 per cent to 3,594.95. It was the bourse’s worst day of trading since October 2008, recalling the darkest days of the emirate’s real estate driven crash."
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