Abu Dhabi – Mubasher: The stock of Manazel Real Estate on Monday reached its highest level since June on the Abu Dhabi Securities Exchange (ADX).
By 11:30 am UAE time, the stock grew 3.7% to AED 0.56 after 50.2 million shares were traded, which is its highest trading volume since April.
Manazel Real Estate said in August that its strategy aims to diversify its investments and to invest in high-demand projects to increase revenues and development rates in the coming years.
Manazel’s profits surged 81% to AED 56.5 million and its revenues grew 54% to AED 412 million in the first six months of 2017.
