Dubai's index extends decline as global losses weigh but downside is limited as market participants hold back for fresh catalysts.
The benchmark dips 0.6 percent to 1,660 points, its third straight loss, which trims year-to-date gains to 22.4 percent.
Dubai Financial Market, the only listed Gulf bourse, falls 1.7 percent. Mortgage lender Tamweel sheds 1.5 percent and Gulf Navigation retreats 2.2 percent. These three stocks account for the bulk of total trade.
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