Dubai's index ends lower for a first session in six since last week's four-month low as early-morning losses on Asia markets spur local investors to book gains.
Emaar Properties drops 1 percent, telecoms operator du slides 1.3 percent and Dubai Financial Market dips 2 percent.
The index falls 1 percent to 1,469 points, trimming its 2012 gains to 8.5 percent.
"The correlation between our markets and global markets is huge, which is understandable because there's no major regional news for investors to trade on," says Samer al-Jaouni, General Manager of Middle East Financial Brokerage Co.
No comments:
Post a Comment