DP World gains slightly on U. S. listing plans

27 July 2011

The FTSE NASDAQ Dubai UAE 20 index declined 0.42% to 1,614.39 points as around 2.14m shares changed hands. Dubai Gold Securities (up 0.55% at $160.83) gained the most, while DP surged 0.33% to $12.24 amid low trading volumes. DP World CEO Mohammad Sharaf announced yesterday that the global port operator eyes a listing in the U. S., Gulf News reported. DP World dual-listed its shares at London’s LSE on June 1st, which had no positive share price impact as yet. Interior designer Depa Ltd. and jewelry trader Damas ended both flat at $0.51 and $0.11, respectively.

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