Dubai Investments stock loses most in 3 months

Dubai-Mubasher: Dubai Investments stock fell by 5.46% to AED 2.080 at 11:40am UAE time, the lowest level in nearly three months.

The stock decline came after the board recommended lower dividends for 2015.

The board of directors on Tuesday recommended cash dividends for 2015 at 12% of capital or 12 fils a share, 33.3% lower than 2014 dividends.

A total of 18.89 million shares changed hands through more than 364 transactions at a turnover of AED 39.63 million.

Meanwhile, the investment sector fell 3.99%, pulling Dubai Financial Market 0.92% lower to 3,289.03 points. 

Mubasher Contribution Time: 16-Mar-2016 08:02 (GMT)