UAE stock investors blame the real estate developer Emaar and the Ministry of Economy and Planning for their recent Dh9 billion price losses, which wiped out in a less than week's trading.
Local market analysts, however, have linked the sharp fall in share prices induced by Emaar as a normal 'market mechanism', whereby abnormally inflated share prices readjusts at much lower levels at realistic values.
The meeting of Emaar's General Assembly, which was postponed to Saturday for lack of quorum, was seen as a negative move that would deepen tension in the stock markets, Khaleej Times reported.
