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The year 2008 was a difficult year for the markets. Though during the first half of the year, the markets performed well, they succumbedto financial crisis during the second half of the year. UAE market declined the most among the regional markets
as the NBAD Index was down 56.6% YoY to reach 5,995.0 points. This was closely followed by Saudi Arabia market. The Tadawul All Share Index ended the year 2008 at 4,803.0 points, thereby recording a decline of 56.5% YoY.
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