By: Mahmoud Gamal
Dubai – Mubasher: The stock of Kuwait’s National International Holding topped the winners on Monday; its first day of listing on Dubai Financial Market (DFM).
The stock soared 14.9% to AED 0.905 by 12:40pm UAE time, after about 345,000 shares were traded through three deals at a value of about AED 279,470.
Listing Kuwaiti firms in an advanced market like DFM confirms the flexible procedures required for listing stock in the market, capital market analyst Adnan Al-Mirazi said.
This new listing on DFM, which has not seen any listings in a while, will encourage investors to pump new liquidity into the stock market, the analyst added.
Translated by: Ingy ElSafy
