NASDAQ Dubai resumes trading in Depa shares

September 1, 2014 5:36 pm

The FTSE NASDAQ Dubai UAE 20 Index closed 1.71 per cent at 4,622.44 points on Monday, September 1.

DP World fell by 1.55 per cent at $19. Emirates REIT slipped 0.07 per cent at $1.44. Per the order to the market regulator DFSA, the exchange resumed trading in interior design firm DEPA Limited. No price change was recorded (the last closing price stood at $0.674). The DFSA ordered the suspension (“until further notice”) of DEPA on August 25 2014 as the regulator of the Dubai financial free zone DIFC was seeking clarification of the composition of DEPA’s board of directors.

Earlier in the day, DEPA said its net profit after non-controlling interest for the first half-year 2014 was 27 million Dirham (7.36 million dollars) as compared to 33 million Dirham (8.99 million dollars) in the same period last year.

Gérard Al-Fil