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Depa shares surge on Abu Dhabi fit-out deal

The FTSE NASDAQ Dubai UAE 20 Index closed Thursday's trading session unchanged at 2842.58 points. While Dubai Ports (DP) World gained 0.81%, interior design firm Depa Limited surged 4.55% to reach $0.46, an 18-month high. On Wednesday, Depa said it has secured an Dhs574m fit-out contract for a major government project in Abu Dhabi. The full scope of work includes the installation of structural steel and architectural woodwork, flooring and carpeting through to decorative supplements, wall coverings and interior lighting fixtures covering a 28,000 sq/m area. The project is due for completion in 2015.