Complex Made Simple

DP World shares buck UAE downtrend

The FTSE NASDAQ Dubai UAE 20 Index fell by 1.82% to close at 2,500.65 points on Monday. The gauge measures tracks 20 liquid stocks listed on the Dubai bourse DFM, the Abu Dhabi Securities Exchange ADX and Nasdaq Dubai. It has been designed as a hedging and investment mechanism for GCC and international investors. Shares of Dubai Ports (DP) World soared 2.40 percent to reach $15. Earlier last week, the world's third biggest port operator in relation to assets reported a 9 percent increase in half-year net profits, amounting to $264m.