Dubai – Mubasher: Gulf Navigation Holding’s stock, which is listed on the Dubai Financial Market (DFM), on Tuesday registered its highest trading volume since 28 August 2017.
By 11:50 am UAE time, the stock, up 6.6% to AED 1.3, saw a trading volume of 1.17 million shares, making it one of the top 10 most-actively traded shares in terms of volume.
Gulf Navigation’s stock generated AED 1.5 million, which accounts for 2.15% of the DFM’s AED 69.92 million trading value.
In the meantime, the DFM’s transportation sector shed 0.5%.
Gulf Navigation’s stock has reached the attractive price level of AED 1.2, said capital market analyst Mohamed Al Azmi.
The transport firm stock will be targeting AED 1.5 to AED 1.7 levels in the next session, he added.
In the meantime, the DFM’s main index increased by 0.12% to 3,565.14 points.
