Dubai shares fell the most in a week yesterday but avoided the sharp drops seen in the US as ratings agencies warned they may downgrade the world's biggest economy.
Emaar Properties declined 1.3 per cent to Dh2.95. The Dubai Financial Market General Index was down 0.5 per cent to 1,527.42 points, the most since July 25.
But Mohammed Ali Yasin, the chief investment officer at Abu Dhabi's CAPM Investments, said: 'It's encouraging we did not see the same drops as we saw in the US. What's happening abroad is putting additional pressure on these markets.'
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