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DP World drags down NASDAQ Dubai market index

: Thursday, August 28 - 2014 @ 16:22

The FTSE NASDAQ Dubai UAE 20 Index closed 2.12 per cent lower at 4,421.35 points. Emirates REIT posted the biggest advance, finishing 1.33 per cent higher at $1.449. DP World plummeted 3.54 per cent to hit $18.78 . Earlier in the day, the third biggest port operator by assets (the Jebel Ali-headquartered firm runs 65 container terminals) reported a 26 per cent year-on-year profit increase. While trade in the Asia Pacific and Indian Subcontinent regions has bounced back, performance in Europe, on the other, has been encouraging, albeit from a low base.

Gérard Al-Fil

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Thursday, August 28- 2014 @ 16:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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