DP World shares end London trade | The National:
"Shares of DP World rose 4.6 per cent on low volumes after five consecutive sessions of declines as the global ports operator delisted from the London Stock Exchange. Yesterday was the last day of trading and listing for DP World in London and its shares closed there up at £11.50. each.
Fund managers and brokers yesterday said the moves by DP World and the property developer Damac, which from this month traded shares in Dubai, should signal whether there is a compelling argument for companies that previously sought listings in London to consider having their stock traded on the UAE bourses.
“I think it’s a very good move when a listed company tries to rationalise and consolidate the number of stock exchanges in order to concentrate on the most liquid exchange and liquidity is not divided across different markets,” said Sebastien Henin, the head of asset management at Abu Dhabi-based The National Investor. “It’s better one company is listed in one market where liquidity is enough rather than two exchanges where liquidity is average.”"
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