DP World shares rise 50 pct-in the last 12 months
- United Arab Emirates: Thursday, May 09 - 2013 at 18:02
The FTSE NASDAQ Dubai UAE 20 Index closed at 2483.50 Thursday, up 12.580 or 0.51%. Dubai Ports (DP) World advanced to new 4.5-year high at $15.72, up 0.32%. The world's third biggest maritime port operator gained around 50% in value. On April 25, DP World said DP World handled 12.8 million TEU (twenty-foot equivalent units) across its global portfolio in the first quarter of 2013. "Whilst this was 7.0% lower than the same period last year, when adjusted for the divestments and monetisation across our portfolio, the decline was 3.5% on a like for like basis," said DP World. Shares of interior design firm Depa Limited closed flat at $0.40.
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Gérard Al-Fil, Financial Journalist



