DP World surges 3.58% on high trading volumes

10 October 2010

At the Nasdaq Dubai, the international exchange of the Sheikhdom, Dubai Ports (DP) World reached the $0.55 resistance level (up 3.58%) it already tried to break three times in 2010. Some 30.5m stocks changed hands, the highest volume since April this year. Earlier last week, the IMF raised the growth outlook for the UAE to 2.4% from 1.3%, calling the Gulf state's measures taken to tackle the effects of the crisis 'rapid and robust'.

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