Dubai stocks enter bear market as conflict-driven selloff hits banks, property shares Related news

Real Estate

ISTANBUL Dubai’s main stock index slipped into bear-market territory on Monday after falling more than 20% from its February peak as escalating regional tensions triggered broad selling across banking, real estate and travel-linked shares. The Dubai Financial Market General Index reached a recent high of 6,785.48 on Feb. 10 and later dropped to 5,391.98 on March 13, according to Dubai Financial Market data. That represents a decline of about 20.5%, meeting the widely used definition of a bear

Tag-uri: Real Estate