Dubai – Mubasher: Ajman Bank’s stock surged on Sunday on the Dubai Financial Market (DFM) to its highest level in almost three months, or since 23 July.
By 11 am UAE time, the stock grew 3.4% to AED 1.22 after 13.19 million shares changed hands through 184 transactions, registering a turnover of AED 16.17 million.
In the meantime, the DFM’s banks sector added 0.17%, while the market’s benchmark index gained 0.19% to reach 3,667.34 points.
Last week, Ajman Bank said its board was scheduled to convene on Monday, 16 October to discuss the bank’s results for the third quarter and nine-month period of 2017.
The Dubai-listed bank last logged AED 29.27 million ($7.97 million) in profits in the second quarter of 2017, up 10.5% year-on-year.
Ajman Bank last announced signing a joint Murabaha deal worth $200 million with Emirates NBD and in collaboration with a number of UAE banks including Dubai Islamic Bank (DIB), Al Hilal Bank, and Sharjah Islamic Bank.
