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DP World hits seven-month high on improved economic prospec

 
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Kirk
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PostPosted: Tue Feb 28, 2012 7:08 pm    Post subject: DP World hits seven-month high on improved economic prospec Reply with quote

The FTSE NASDAQ Dubai UAE 20 Index closed at 1744.51 today, up 3.74%, from the previous close. Shares of port operator DP World jumped 6.52% to close at $12.50. According to Al Ramz Securities, improved economic prospects for the UAE and rising confidence of internaitonal investors into the Gulf state have led to the strong rise in local stock market indexes in Dubai and Abu Dhabi. Damas Jewelry (up 2.43%) and interior designer Depa Ltd. (gaining two percent) also rebounded.

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