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Aug 18th
The share of Ras Al Khaimah Real Estate Company, listed on the Abu Dhabi Stock Exchange, consolidated its gains during the Friday session, above the highest level in more than 9 years, after it rose 7.8% to 1.24 dirhams, the highest since August 2014.
The stock attracted liquidity that touched 100 million dirhams until the middle of the session.
The stock had crossed the dirham barrier on July 24 for the first time since September 2014.
Sameh Muhtadi, CEO of the company, revealed, in an interview with Al-Khaleej, published on Friday, three new projects, which are scheduled to be launched in the last third of the current year 2023, including 6 towers, at a cost of one billion dirhams.
And the Abu Dhabi Securities Market settled slightly higher, by 0.06%, to 9784.1 points during the session.
On the other hand, the Dubai Financial Market index rose 0.07% to 4052.2 points, and the market witnessed a rise in the share of Ajman Bank by 3.5% to 2.39 dirhams, with a circulation of 174.6 million dirhams.
