Dubai – Mubasher: SHUAA Capital’s stock plunged early Sunday by 2.6% to AED 1.14, on the Dubai Financial Market (DFM), its lowest level since 27 July 2017.

By 11:40 am UAE time, SHUAA’s stock saw a turnover of AED 429,680 after 372,500 shares were exchanged through 10 transactions.

In the meantime, the DFM’s investment sector shed 1.26%. Moreover, the DFMGI lost 0.7% or 24.97 points to reach 3,607.57 points.

SHUAA Capital last announced plans for its ‘Dubawi’ skyscraper on Sheikh bin Zayed road in the heart of Dubai.

The announcement was made during the Cityscape Global 2017 event, where SHUAA also revealed that its real estate management unit was currently managing assets worth more than AED 3 billion.