Dubai Index Posts 3 Consecutive Day Losses

Dubai index is now hitting the third day of its negative returns in the stock market. Emaar and DFM led the slide of stocks.

Emaar Properties dropped 1.86 per cent and Dubai Financial Market 2.35 per cent. The index shed 1.48 per cent to 5,427.45 points.

"We are in a retail-driven market, which will likely be flat this month. Second-quarter earnings have already been factored into the share prices," said Amr Diab, head of sales at EFG-Hermes.

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