Dubai market plummets 2.23%

02 November 2010

Investors at the DFM cashed in profits ahead of US Congress and the interest rate decision fo the US federal reserve board, both happening on Tuesday. The DFM General Index ended 2.23% lower at 1,742.14 as blue chips tumbled such as Emaar (down 3.10% at Dhs3.75) or the DFM itself (2.84% lower at Dhs1.71). 21 shares declined and five stocks, mostly small-cap securities and secondary listing, bucked the trend. Gulf General Investment Company (GGIC) surged 4.95% to close at Dhs0.551.

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