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DP World trades actively on DIFX

PUBLISHED ON 26-Nov-2007
DP World trades actively on DIFX

On the first day of trading in DP World shares on the DIFX today, turnover in the company's shares totaled 303,281,328 shares at the market's close. The value traded was more than $US 400 million. The share price rose from $1.30 to close at $1.36, an increase of 4.6%.

DP World was the most actively traded stock in the UAE today.

Per E. Larsson, Chief Executive of Borse Dubai and of the DIFX, said: "The DIFX is excited to have hosted such a successful first day of trading in DP World shares. DP World is an -anchor listing that underlines the strong links that the exchange has created with international and regional brokers and investors.

"As the DIFX's first exclusive IPO listing, the arrival of DP World is a landmark in the growth of the exchange-

Hamed Ali, Executive Officer of the DIFX, said: "We are pleased that DP World's IPO included many retail subscribers in the UAE and the rest of the GCC region. Retail trading on the DIFX is a simple process, with investors having a choice of a large number of retail brokers.

"The DIFX has a healthy pipeline of further initial public offerings and other share issues, as well as of conventional bonds, Sukuk and structured products.

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