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Amanat stock ticks highest mark since listing

Amanat stock ticks highest mark since listing
The Dubai Financial Market (Photo credit: Arabianeye - Reuters)
Amanat
AMANAT
0.94% 1.08 0.01

By: Bedour Al Raei

Dubai – Mubasher: Amanat Holdings' stock jumped to its highest level since its listing on the Dubai Financial Market (DFM) in 2014.

By 12:20am UAE time, the stock rose 4.08% to AED 1.020 as 330 million shares exchanged at AED 342 million, 24% of the market’s total turnover amounting to AED 1.305 billion.

During the same time, the index declined 0.5% or 16.38 points to the level of 3,289.81 points.

GHD Group made the highest turnover of AED 394.18 million.

“The stock exceeded its resistance level of AED 0.999 after announcing the financial statements for the third quarter of 2016, and is expected to continue rising in the upcoming period, markets analyst, Hareb Al Muhairi, told Mubasher.

Translated by: Elwy el-Manzalawy