Dubai – Mubasher: Dubai Investments’ stock rose to the highest level in 20 sessions, backed by its positive third-quarter financials.
The stock reached AED 2.050 by 12:40pm UAE time after adding 1.9%, rising to the highest level since 4 October.
The company’s stock saw the most active trading in three months, generating AED 29.46 million from the exchange of 14.36 million shares.
Dubai Investments’ profits rose 28.2% to AED 340.24 million ($92.63 million) in Q3-16, compared to AED 265.45 million ($72.27 million) in Q3-15.
Profits of AED 843.12 million in the first nine months of 2016, up 10% from AED 766.86 million in the same period of 2015.
