The main Dubai Financial Market index fell 6.1%, after closing down almost 6% on Monday.
Two weeks ago, Dubai World asked for a six-month delay on debt repayments. Credit agencies have since downgraded many leading Dubai companies.
The Dubai index has now fallen by more than 20% since the extension request.
Tuesday's plunge was led by real estate developer Emaar Projects, which fell by 9.8%.
No comments:
Post a Comment