2023-10-10 12:46:16
Muhammad Shaker – Mubasher: The shares of Shuaa Capital, listed on the Dubai Financial Market, declined at the close of trading on Tuesday, recording the lowest closing since listing.
At the end of today’s trading, the stock declined by 6.97 percent to a price of 0.271 dirhams.
According to market data, the stock witnessed transactions with a volume of 77.269 million shares worth 21.455 million dirhams, distributed over 552 transactions.
At the end of trading on Monday, the stock fell by 9.88 percent to the level of 0.301 dirhams, attracting liquidity of 9.8 million dirhams on 32.6 million shares.
Shuaa Capital announced earlier its intention to increase the issued capital through the issuance of priority rights following the initial approval of the Board of Directors.
The priority rights will be issued immediately after the capital reduction and exchange offer to holders of bonds due in October 2023, subject to obtaining the necessary approvals from the company’s shareholders and relevant regulatory authorities.
To trade and invest in Gulf stock exchanges, click here
Follow the latest stock and economic news via our Telegram channel
Nominations:
Infographic: The 15 largest Gulf banks in terms of profits in the second quarter of 2023
Learn about the 10 largest oil refineries in the world by the end of 2022 (infographic)
Infographic.. Learn about the market value of Arab stock exchanges within a week
Why do international companies choose the UAE as a center to launch their business in the Middle East?
Infographic.. The 15 largest Gulf banks in terms of customer deposits in the second quarter of 2023
1696950733
#Shuaa #Capital #shares #record #lowest #closing #listing