Maritime port operator DP World falls below $11 at NASDAQ Dubai

22 March 2012

The FTSE NASDAQ Dubai UAE 20 Index closed at 1652.09 today, off 0.29%, from the previous close. Market bellwether Dubai Ports (DP) World fell 1.80% to $10.90 after a decline in manufacturing Purchasing Manager Indexes in Germany and France triggered fears of new woes for the global economy. On Wednesday, IMG Managing Director Christine Lagarde warned rising tensions between the West and Iran could drive oil prices higher and put the world economy's revovery in danger. Interior designer Depa Limited closed even at $0.45.

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