Mubasher: Gulf Navigation Holding’s stock declined 4% in Sunday’s early trades after new investors appeared in the company's list of major stakeholders.
The stock fell 4.4% to AED 1.3 by 10:35 am UAE time, with a turnover of AED 975,090 generated from the exchange of 740,700 shares.
The list of major stakeholders saw the entry of Al Danah GCC Equity Trading Fund with 10.88% and Mohammed bin Ahmed bin Saeed Al Qassimi with 5.74%.
Tabarak Commercial Investment’s stake in Gulf Navigation declined from 32.92% to 22.04%.
Dubai’s bourse declined 0.14% to 3,619.35 points during the same time.
