Dubai Stocks Lead Most Mideast Markets Lower as Emaar Declines
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Dubai’s stocks headed for the biggest drop in a month, led by the emirate’s largest property developer. Abu Dhabi’s shares also retreated.
The DFM General Index fell 1.5 percent to 4,140.12 at 12:54 p.m. local time, poised for the largest slide since June 28. Emaar Properties PJSC, which accounts for about 20 percent of the index, led the decrease with a 1.2 percent drop.