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Gulf Navigation hits highest level in 11M

Gulf Navigation hits highest level in 11M
Photo Credit: Arabianeye-Reuters
Gulf Navigation
GULFNAV
0.00% 6.10 0.00

Dubai-Mubasher: Gulf Navigation Holding’s stock reached its highest level since 27 November 2014, rising 11.04% to reach AED 0.499.

Turnover on the stock reached AED 24 million as 49.65 million shares were exchanged through 445 transactions.

The transportation sector fell 5.95 points or 0.77%, pushing Dubai Financial Market to lose 0.61% and reach 3,699.95 points.

Gulf Navigation posted a 171.6% leap in its profits for the first half of 2015 to AED 10 million ($2.7 million), up from AED 3.7 million ($1.007 million) in the same period in 2014, according to a previous statement.