Dubai-Mubasher: Watani Investment Company (NBK Capital) kept its “Buy” recommendation on Dubai-based Aramex’s stock, according to a report on Tuesday.
NBK Cpaital’s recommendation followed the news that the Hong Kong Trade Development Council (HKTDC) signed a deal with Aramex to launch a joint promotion for the hktdc.com Small Orders online transaction platform.
The deal is a positive step as it will offer another growth venue for Aramex’s fast growing e-commerce-related services, said the report
The Dubai-listed courier’s stock remained unchanged at AED 3.1 by 12:30pm UAE time after trading 357,200 shares through 19 transactions, with turnover of AED 1.1 million.
