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DP World shares hit 18-month high at NASDAQ Dubai
- United Arab Emirates: Tuesday, January 15 - 2013 at 21:20
The FTSE NASDAQ Dubai UAE 20 Index closed at 1991.44, up 0.27% from the previous close. Dubai Ports (DP) World, globally the third largest maritime port firm, surged 2.47% to hit $13.29, the highest price since June 1 2011 amid a general bullish outlook for the world economy in 2013. Earlier in the week, Swiss private bank Sarasin said the upside potential was higher among the emerging markets this year as they benefit from lower sovereign debt levels and low interest rates. DP World, albeit having strong links to the develop has massively expanded its footprint in emerging regions such as Africa, East Asia and Latin America.
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Gérard Al-Fil, Financial JournalistTuesday, January 15 - 2013 at 21:20 UAE local time (GMT+4)
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