DP World ends flat at $0.58 amid high trading volumes

21 October 2010

FTSE NASDAQ Dubai UAE 20 Index closed at 1862.700 today, down -3.970, or -0.21%, from the previous close. Investor spurned a further declined at DP World as the share opened in the red but eventually closed unchanged at $0.58. The high trading volumes of 21.48m shares which changed hands indicate a fierce battle between bulls and bears at this price level, as DP World faces a chart technical resistance between $0.55 and $0.59. Shares of Depa Ltd. gained 1.40%, finishing at $0.65.

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