KUALA LUMPUR: Malaysia Airlines shares lost 10 percent, the first trading day since the company was rocked by the weekend disappearance of a passenger jet with 239 people aboard.
The shares were trading at 0.225 ringgit, or 10 percent lower, mid-morning on the Malaysian stock exchange.
They opened down 16 percent at 0.21 ringgit from Friday's close of 0.25 ringgit and traded as low as 0.205 ringgit before recovering somewhat.
Flight MH370 went missing over waters between Malaysia and Vietnam en route from Kuala Lumpur to Beijing early Saturday. No confirmed evidence of the plane's fate has yet been found.
Malaysia Airlines recorded its fourth straight quarterly loss in the last three months of 2013, chalking up 1.17 billion ($360 million) ringgit in losses.
The national flag carrier has been struggling with losses for years amid stiff competition from budget carrier AirAsia and others.
Analysts have also blamed poor management, change-resistant unions and government interference for the carrier's poor performance.
Malaysia Airlines shares lose 10% over missing jet
Malaysia Airlines shares lose 10% over missing jet
DP World announces new leadership appointments
DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.
Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.
Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.
Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.
DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.
