Dubai – Mubasher: SHUAA Capital led the Dubai Financial Market’s (DFM) gainers, jumping 5.6% to AED 1.14 by 11:57 am UAE time on Thursday, reaching its highest level in three months.

Trading volume on SHUAA Capital's stock reached 15.97 million shares, generating AED 18 million through 226 transactions.

The approaching disclosure of SHUAA’s financial results has encouraged speculators to buy its shares, which already hit attractive price levels, capital market analyst Mohamed Al Azmi told Mubasher.

The development of SHUAA Capital’s activities along with providing market-making services on Nasdaq Dubai made the stock more attractive to investors, Al Azmi added.

The stock is targeting AED 1.2, and by breaking above which, it can reach AED 1.3 and AED 1.5, the analyst concluded.

In the meantime, the DFMGI added 0.11% or 4.09 points to 3,638.81 points.