Sunday, 25 July 2010

Dubai stock index in biggest monthly decline

"Dubai's main stock index posted its biggest decline in almost a month on Sunday after disappointing earnings from two of its most valuable companies, Emaar Properties and Dubai Financial Market.

The index fell 1.4 per cent to 1,507 points in its largest single-day decline since June 29. Emaar and DFM shares fell 3.6 per cent and 3.3 per cent respectively.

Emaar Properties, the Arab world's largest developer, missed analysts' forecasts with a second-quarter net profit of Dh802 million�which it reported on Thursday after the market close."

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