ESHRAQ
Abu Dhabi – Mubasher: Eshraq Properties’ stock accounted for 50% of Abu Dhabi Securities Exchange's (ADX) liquidity by 1:28pm UAE time.
The stock generated AED 86.13 million a few minutes before the closure, while the market’s turnover amounted to AED 172.52 million.
Eshraq was the most active stock after generating 74.28 million shares, representing 66.2% of the market’s trading volume.
Although Eshraq posted annual losses, there is a positive outlook for the company’s financial position which may improve on the back of continuous projects and expansion plans, a technical market analyst Salman Khallaf told Mubasher.
The stock is witnessing strong speculative purchases, and targets to reach AED 1.2-1.3, Khallaf added.