By: Mahmoud Gamal
Dubai-Mubasher: Amanat Holdings saw the most active trading in Wednesday’s mid-session.
The market saw trading of 22.50 million shares by 11:15am UAE time, with a turnover of AED 19.66 million which represented 16.7% of the market’s liquidity
The company’s stock rose 2.9% to AED 0.86 during the same time, leading the services sector to add 1.5%.
The company’s operational plans and good returns on its deposits pushed investors to build new positions in its stocks, according to capital market analyst Amir Mansour.
In the event that there is new liquidity on the stock, Amanat will target the level of AED 0.90 in the coming sessions, Mansour added.
Translated by: Julian Nabil
