Dubai-Mubasher: The Dubai-listed courier Aramex’s stock saw a downward trend on Wednesday, following news that its board approved a proposal to acquire 9.7% stake in Jamalon Inc. through in-kind investments in the form of shipping and delivery services.
The stock declined 0.66% to AED 3 by 11:30am UAE time after trading 702,592 shares with turnover reaching AED 2.11 million.
The transportation sector was the only loser after falling 0.3%, while the DFMGI rose 1.84% or 53.62 points to reach 2,973.26 points.
