Profit-taking trims Dubai shares

* username: rupertbu

Shares in Dubai posted the steepest losses among the regional markets, as investors in the emirate yesterday booked profits from the rally triggered by Dubai World’s restructuring news last week.

The Dubai Financial Market General Index retreated 2.5 per cent to 1,832.94 after rising by 19 per cent since the beginning of this month.

The index heavyweight Emaar Properties led the slide with a loss of 3.6 per cent, while the shares of the Dubai bourse, traded as DFM, lost 4.6 per cent. Emirates NBD dropped 3.8 per cent.