Dubai shares plunged down to 20 percent from a peak in May and bringing an end to the bull market since 2005.
Arabtec Holding Co. led the fall of the all-time high stocks
of Dubai since 2005, bringing its bull-market to an end.Arabtec shares fell by 48% this month after Aabar
Investments PJSC cut their stakes to 18.85. DFM General saw a fall of 4.3% to
4296. Emaar, another leading company saw a decline of 4.9% to 8.80 Dirhams.
Several reasons are being speculated for the drop. The
Central bank of the country worries about imbalance in the property market
indicated by price rise.
In spite of this fall, Dubai still remains the top performer
in the world, in dollars, amongst 90 others, tracks Bloomberg.
