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DP World share bucks market crash, remains top performer in 2014

At the NASDAQ Dubai, the shares of Dubai Ports (DP) World have gained 6.25 per cent to reach $21.25 on Wednesday, December 17.

The third biggest port operator has weathered the recent rout at GCC markets which was triggered by the oil price crash relatively unharmed. While the main index of the Dubai Financial Market, on which DP World shares are also traded, erased its entire gains of 2014, DP World’s 12-month performance remains at plus 30 percent. Since October 21 2014, DP World has gained 13 percent in value. During the same period, most  UAE-listed firms dived and suffered double-digit losses.

Gerard Al-Fil