Dubai's main index still weak
- October 15, 2008
- Posted by: Ramki Ramakrishnan
- Category: Dubai
Back in January 2008, Dubai’s main stock index, DFMGI, was at 6320. Last week it traded at a low of 2991, a loss of over 50%. Investors have been badly hit. After the regulators announced several concessions and guarantees, we saw a smart rebound that lasted exactly two days.