The Dubai Financial Market (DFM) General Index slipped 0.63 per cent on Monday with blue chip companies leading the decline amid fears the UAE might not get an MSCI upgrade.
The bourse closed at 1,535.67 with property and construction stocks leading the slump. Real estate developer Emaar fell 1.6 per cent to Dh3.07 and construction firm Arabtec dropped 0.76 per cent to Dh1.30.
Drake and Scull International, Union Properties and utilities company Tabreed were among the top decliners as local investors sold up and reinvested their money in other markets.
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