Dubai index hits new low as heavyweights extend losses:
Selling pressure grew on the Dubai Financial Market (DFM) general index as heavyweight counters such as Emaar Properties and Damac extended losses on Wednesday.
The index touched an intra-day low of 2,624.94 before recovering slightly to close at 2,632.15, down 1.63 per cent from the previous close.
On a declining trend, the index is down an average 7.1 per cent from the November 8 high of 2,833, and has formed continuous lows over the last week.
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