By: Mahmoud Gamal
Dubai – Mubasher: Islamic Arab Insurance Company (Salama) saw the most active trading since early January during Thursday’s trading session.
The company’s stock saw a turnover of AED 92.64 million generated from the exchange of 205.29 million shares, which represented 41.4% of the company’s trading volume.
The stock rose 0.64% to AED 0.468 by 1:15pm UAE time.
Some main shareholders had been selling their shares in the company in the past sessions, raising questions about the company’s financial position in the future, capital market analyst Mohamed Kamal told Mubasher.
The stock is technically stable, and targets to reach AED 0.5 if its liquidity continues to be good.
The Dubai Financial Market (DFM) rose 0.52% to 3,496.93 points during the same time.
Translated by: Julian Nabil
