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Dollar hits DP World shares
- United Arab Emirates: Sunday, December 16 - 2007 at 07:48
The weakness of the US dollar impacted on the performance of the shares of Dubai World subsidiary DP World at the end of last week, reported Reuters. The stock fell to its lowest level since it was listed on the Dubai International Financial Exchange on November 26, closing on $1.2, a fall of 5.6%. Analysts said retail investors were selling the stock due to the greenback's ongoing malaise.
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Jonathan Sheikh-Miller, Deputy EditorSunday, December 16 - 2007 at 07:48 UAE local time (GMT+4)
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