Dubai – Mubasher: Gulf Navigation Holding’s stock saw a bullish performance in Tuesday’s mid-session, following the news that its unit will sign a new shipbuilding contract.
The company’s stock rose 0.87% to reach AED 1.16 by 11:25am UAE time, with a turnover of AED 1.05 million generated from the exchange of 910,270 shares.
The transportation sector advanced 0.07%, while Dubai bourse’s main index fell 0.04%.
Gulf Navigation announced earlier its unit will ink a deal related to the group’s fleet with China Shipbuilding and Offshore International Co. and Wuchang Shipbuilding Industry Group Co.
