Tuesday 12 July 2011

International slump hits Dubai's market - The National

Dubai's measure slumped to new low today as traders tracked a slump across international markets prompted by increasing concern over Greece's debt crisis.

The Dubai Financial Market General Index slumped more than 1 per cent 1,532.92 points, the lowest level in a week, while the Abu Dhabi Securities Exchange General Index slumped 0.4 per cent to 2,713.30 points.

US lawmakers failed to agree on cutting the deficit amid rising concern that Greece's debt crisis may spread to other European nations.

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