Dubai stock market driven down as fund managers cite 'violation of margin regulations' | The National:
"Fund managers yesterday blamed brokers for extending excessive credit to investors as the Dubai market lost more than a quarter of its value in less than two months.
It followed another day of heavy selling on UAE markets as the Dubai Financial Market dropped 4.3 per cent, with some stocks touching the 10 per cent downward limit which caps daily declines.
They blame margin calls, where brokers demand more cash from an investor to top up trading accounts, for forcing more selling and extending a rout that has sliced about 25 per cent from the market since its May 6 peak."
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