Abu Dhabi – Mubasher: Arkan Building Materials’ stock topped gainers following the news that its board has approved a resolution to open up its share register to foreign ownership.
The stock climbed 13.71% by 12:00pm UAE time to reach AED 0.84, its highest level in more than one month. Turnover reached AED 106,760 after trading 131,000 shares through 6 transactions.
Foreigners will be allowed to own up to 49% of Arkan’s ordinary shares, according to a statement.
