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Waha Capital stock hikes to 1M high

Waha Capital stock hikes to 1M high
By 12:50 pm UAE time, the stock price rose 2.3%
Waha Capital
OILC
-0.58% 1.71 -0.01

Abu Dhabi – Mubasher: Waha Capital’s stock, listed on Abu Dhabi Securities Exchange (ADX), on Wednesday rose to its highest level since the trading session on 4 September.

By 12:50 pm UAE time, the stock price rose 2.3% or AED 1.78, generating AED 2.53 million, after trading 1.44 million shares.

This price increase pushed the investment sector up 0.68%.

It is expected from portfolios to take new positions in the stock, especially with predictions about improved financial results in the third quarter of 2017, financial analyst Salman Khallaf told Mubasher.