Foreign outflows from Dubai stocks gain momentum

Foreign outflows from Dubai stocks gain momentum:

"Foreign selling of Dubai’s stocks accelerated in the past week as the nation’s benchmark equity index fell and the Dubai dirham was little changed. The 5-day moving average of net foreign outflows accelerated to $4.57mn, compared with the 20-day average outflows of $4.06mn, according to data from the Dubai Financial Market compiled by Bloomberg. The Dubai Financial Market General Index fell 3.1% over the past week and the dirham was little changed against the dollar at 3.673."



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