Financial Markets and Emaar Properties

Emaar Properties: The Dubai financial market general index dived 6.96 percent on moderate trading turnover to close at 3,451.48, representing a near five month low, according to Xinhua China. All sector indices landed in the red. Following a turbulent week at global financial markets, shares in the United Arab Emirates , a major oil supplier, suffered significant losses at start of the new Islamic week which begins on Sunday. Dubai sister market ADX in the UAE capital Abu Dhabi closed off five percent at a five-month low at 4,286.49. Market bellwether Emaar Properties, the developer of the world tallest tower Burj Khalifa, plummeted 8.31 percent. Like in Dubai, shares lost across the board. (news.financializer.com). As reported in the news.