Nasdaq Dubai posts losses

01 June 2010

At Dubai's international exchange, the Nasdaq Dubai, shares of Dubai Ports (DP) World ended 4.35% lower at $0.44. After Dubai Holding Commercial Operations Group recorded a net loss (excluding impairments) of Dhs1bn for the year ended 31 December 2009, compared to a Dhs7.4bn net profit in 2008, state-owned firms such as DP World came under pressure in general. Interior designer Depa declined by 1.32% and finished at $0.75. Only Dubai Gold Securities which perform in line with the gold spot price gained and ended at $1.155 (up 0.96%).

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