Dubai – Mubasher: Dubai Investments’ stock reached its highest level in 6 months or since 3 March on Wednesday on the Dubai Finanical Market (DFM) amid news regarding a DIB’s plan to complete the acquisition of Emirates District Cooling (Emicool).
By 10:30 am UAE time, the stock jumped 4.02% to AED 2.59 with 31.79 million traded shares and a turnover of AED 1.5 million, which accounts for 31.2% of the DFM’s AED 263.14 liquidity, while the investment sector grew 3.3%.
The investment sector’s stocks have positive potentials for investors, especially Dubai Investments’ stock, capital market analyst Mohamed Al Azmi told Mubasher.
The stock reached attractive level between AED 3.2 and AED 3.5 in the medium-term, Al Azmi added.
The DFM went up 0.57% to 3,662.02 points.
