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Trading volumes at Nasdaq Dubai edge up

12 July 2010

Shares of Dubai Ports (DP) World closed at a two-week high at $0.449 with shares changing hands more than twelve-folded to 1.142m. Monday marked the second day of the Nasdaq Dubai's migration to the DFM platform, the platform of the Sheikhdom's local stock market. The National reported that on Sunday, brokers were hit by confusion and had difficulties to get trades processed at the newly linked markets. Maryam Fikree, chief operating officer at the DFM, denied that broker firms complained and claimed at the same time that trading occurred "smoothly". Jewelry trader Damas, which has been like DP World also tradable at the DFM since Sunday, fell by three percent to $0.16. Interior designer Depa closed unchanged at $0.74.

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