The stock market of Dubai has fallen for the 2nd contiguous day on continuing fears about the big companies' capability to return debts.
The primary Dubai Financial Market index fell 6.1%, after closing down almost 6% on Monday.
Two weeks ago, the World of Dubai asked for a six-month retard on debt payments. Credit agencies have since downgraded many leading Dubai companies.
The index of Dubai has now fallen with more than 20% since the extension supplication.
Tuesday's plunge was led by real estate developer Emaar Projects, which fell by 9.8%.
One of Dubai World's first primary payments to bondholders in its estate firm Nakheel is due next week.
"Until there is some lucidity in debt restructure, there won't be some serious buyers (of shares)," said Julian Bruce at EFG Hermes Holding in Dubai.
"The closer we get to the Nakheel deadline with no news, the worse it will be."
The World of Dubai has some esteemed priority, notably its ports business, which includes London's Tilbury Docks and France's Le Havre.
Different items in its wide-ranging investment portfolio include the luxury retailer Barney's of New York, a list of high-end US hotels, and the Canadian acrobatic circus franchise, Cirque du Soleil.
bbc
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