DP World extend winning streak on Nasdaq Dubai

Dubai: DP World shares closed at 0.64 per cent higher at $23.75 on Monday on the back of strong investor interest.

Traded volumes jumped to their highest in a month to end at 396,757 shares or $9.4 million (Dh34.52 million).

“DP World may witness another bullish breakout, and may head towards the all-time high of $28.80 in the short term,” said Shiv Prakash, senior analyst with National Bank of Abu Dhabi Securities in a note. The stock had a technical buy at $22 last week.

DP World has been on a winning streak, gaining 10 per cent over the six trading sessions.