Aramex stock tops as co-founder exits entire stake

Dubai-Mubasher: Aramex led stocks in Sunday’s mid-session after its co-founder Fadi Ghandour sold his entire 9.9% stake.

The courier’s stock rose 2.75% to AED 4.11 by 12:30pm UAE time.

Aramex was the most active stock with trading volume of 6.35 million shares exchanged through 173 transactions, with a turnover of AED 26.1 million.

Ghandour sold all his remaining shares in Levant Logistics Holdings to Boson Ventures Corporation.

The holding company owns 9.9% stake in Aramex, totalling 144.9 million shares

Mubasher Contribution Time: 31-Jul-2016 09:27 (GMT)
Mubasher Last Update Time: 31-Jul-2016 09:27 (GMT)