Dubai Stocks Lead Mideast Drop on Global Rout; Abu Dhabi Falls
This article is for subscribers only.
Dubai’s benchmark stock index retreated the most in more than two months, joining a global equities selloff. Abu Dhabi’s gauge had the biggest decline in almost five months.
The DFM General Index fell 2.2 percent, the most since Nov. 11, to 3,733.70, in Dubai. The measure, which jumped at the end of last week, has more than doubled in the past 12 months. Emaar Properties PJSC, the emirate’s biggest real-estate developer, declined the most since Jan. 7, while Dubai Islamic Bank lost