File - An Emirati man follows the stock market activity at the Dubai Financial Market in the Gulf emirate on January 20, 2010.(AFP PHOTO /KARIM SAHIB)
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Dubai's benchmark stock index fell the most in a month, tracking a decline in global markets last week, on investor concern that this year's rally was overdone given prospects for earnings growth.Al Rajhi Bank plunged the most in 10 months as first-quarter profit trailed analysts' estimates.Dubai Islamic Bank fell 2.9 percent to 6.31 dirhams.Shuaa Capital PSC, the investment bank controlled by Dubai's ruler, surged as much as 5.3 percent after making a profit in the first quarter following three years of losses in the period. Al-Rajhi Bank fell 3 percent to 72.5 riyals. Saudi Arabia's biggest publicly traded lender said first-quarter net income fell 17 percent to 1.7 billion riyals ($453 million) versus estimates of 2.08 billion riyals, according to data compiled by Bloomberg.
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