Dubai – Mubasher: Emirates NBD has reduced its ownership in Union Properties (UP) this week by 41.9%, according to market data and Mubasher calculations.
Dubai Financial Market’s ownership data showed that the bank’s equity in UP was cut to 5.95% from 10.08% last week.
UP stock rose during today’s session by 1.9%, after 109.7 million shares were exchanged in 955 transactions at turnover reaching AED 92.4 million.
Emirates NBD stock also rose by 1.3% to AED 1, with a liquidity reaching AED 533,9000 upon trading 67,580 shares in 3 transactions.
