Investors at the Dubai International Financial Market in Dubai. REUTERS/Satish Kumar
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Traders are running out of reasons to stay in Dubai's stock market as it heads for its worst year since the 2008 debt crisis. Dubai's main equities gauge has lost 19 percent this year, pressured mostly by real estate developers. The index is now caught between increasing geopolitical woes centering around its neighbor Saudi Arabia and those emanating from global emerging markets.In Dubai, the benchmark is still down 0.5 percent for the week.The Dubai Financial Market Insurance sub index is the only one out of nine sector indexes up this year.
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