Dubai stocks declined a second day as the number of shares traded plunged. Qatari equities also fell.
The DFM General Index lost 0.4 per cent at 10.42am local time, as about 36 million shares were traded, more than 40 per cent below the intraday average of the past 20 days. Emaar Properties, the developer of the world’s tallest tower and the company with the largest weighting on the gauge, was the biggest contributor to the drop.
Qatar’s QE Index also retreated 0.4 per cent, declining for a third day, the worst streak in more than a month on a closing basis. Kuwait’s SE Price Index slipped 0.1 per cent, and Abu Dhabi’s ADX General Index fell 0.4 per cent. Bahrain’s BB All Share Index bucked the declines, gaining 0.1 per cent.
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