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Dubai market dips on thin trading

24 November 2010

Shares at the DFM lost across the board, as the General Index ended 1.04% lower at 1,673.82 points. Market bellwether Emaar Properties declined 1.90% to finish at Dhs3.62. Earlier in the day, Arif Obaid Al Muhairi, Executive Director of the Statistics Centre of Dubai, told Emirates 24/7 that the Dubai economy grew 2.3% in first six months of 2010. "We see an increasing demand for logistics and services", Dr. Masood Ahmed, the IMF director for the MENA region and Central Asia, told AME Info a month ago. Port operator DP World gained 0.17% to close at $0.60, at the Nasdaq Dubai. Some 85m shares changed hands, 11% less than on Tuesday.

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