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Lonrho to relocate senior listing; Middle East shares mixed

Lonrho (0%) plans to relocate its senior listing from AIM to Hong Kong to attract Chinese investment groups towards the company’s African resources and projects.

1time and Comair shares fell -4.6% and -0.5%, respectively, on Wednesday (04-Aug-2010) while the Nairobi Stock Exchange was closed due to a public holiday.

Middle Eastern shares were a mixed bag with Air Arabia (-1.2%) down while Jazeera (+1.8%) and Royal Jordanian (+2.6%) shares were on the rise.

Selected African and Middle Eastern airlines share price movements (% change): 04-Aug-2010