Dubai market dips 0.03%

22 August 2010

The start of the third week in August was marked by a very volatile trading at the DFM, as its General Index closed nearly flat at 1,491.67 points. Telecom provide Du bucked the trend and closed 3.43% higher at Dhs2.11. Nasdaq Dubai-listed Dubai Ports (DP) World was hit by profit bookings, plummeting 4.40% to $0.50. DP World shares surged last week after the firm reported a 10% higher net profit for the first half year 2010, triggering hopes for a sustainable global economic recovery. Some 39.16m shares changed hands at the DFM.

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