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Umm Al Qaiwain General Investment's stock hits 7M low Monday

Umm Al Qaiwain General Investment's stock hits 7M low Monday
The ADX’s trading volume reached 24.4 million shares
QIC
QCEM
3.77% 1.10 0.04

Abu Dhabi – Mubasher: The Umm Al Qaiwain General Investment Company‘s stock led the Abu Dhabi Securities Exchange’s (ADX) losers on Monday.

By 12:04 pm UAE time, the stock declined by 9.57% to AED 1.04, with a trading volume of 100,000 shares and a turnover of AED 104,000 through one transactions.

the ADX and Boursa Kuwait listed company showed a decline in net profits in the first nine months of 2017 to AED 16.81 million. 

Meanwhile, the general index tumbled 0.26% or 11.5 points to 4,439.16 points.

The ADX’s trading volume reached 24.4 million shares, while the market’s turnover amounted to AED 57.6 million through 466 transactions.