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Jewelry trader Damas tops at Nasdaq Dubai
- United Arab Emirates: Tuesday, September 29 - 2009 at 19:45
Shares of Dubai Ports World lost further, closing 0.93% lower at $0.533. Citgroup's emerging market analysts recommend DP World in their latest report, saying that the emerging markets will outpace the advanced economies due to an increase in the Intra-emerging-markets trade (which stands today at 65% against 28% in 1995), among other factors. Dubai-based jewelry trader Damas added 2.78%, ending at 0.37% and slowly approaching a four-month-high. Meanwhile, trading activity in the derivatives segment listed at the Nasdaq Dubai is picking up as investors aim to hedge their positions at UAE stock markets.
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Gérard Al-Fil, Financial JournalistTuesday, September 29 - 2009 at 19:45 UAE local time (GMT+4)
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This article was updated on Wed Sep 30 2009.
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