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DP World locked up in yo-yo trading

: Wednesday, August 20 - 2014 @ 17:10

The FTSE NASDAQ Dubai UAE 20 Index closed unchanged at 4,456.310 points on Wednesday, Aug. 20. Market bellwether DP World dived two per cent to close at $20.09. The third largest container port operator has been trading in a narrow range around $20 since mid-July 2014.

The NASDAQ Dubai is a market regulated by the DFSA which supervises the Dubai International Financial Center (DIFC). Earlier in the day, it was revealed that Jeff H. Singer, the CEO of the DIFC Authority, resigned with immediate effect for personal reasons. A successor has yet to be named.

Gérard Al-Fil

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Wednesday, August 20- 2014 @ 17:10 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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