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Thu, Oct 10, 2024 | Rabi al-Thani 7, 1446 | DXB
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Dubai StocksPlummet
DUBAI — The Dubai Financial Market on Sunday witnessed its biggest fall in over two years, ignoring proposed merger talks between two of the UAE’s leading mortgage lenders, on lingering investors’ concerns about the global financial crisis and its possible impact on the Gulf region.
- Updated: Sun 5 Apr 2015, 7:28 PM
The Dubai’s stock benchmark index fell 283.36 points, or 6.7 per cent, to end the session at 3,844.27 points, its biggest decline since March 14, 2006 when the key index slid 11.4 per cent to 5,072.97 points.
The Abu Dhabi Securities Exchange’s General Index (ADI) slid 186.88 points, or 4.72 per cent, to 3,769.84. The real estate sector was the major decliner in both markets with a fall of 11 per cent and 9 per cent atDFM and ADI respectively.
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