By: Mahmoud Gamal
Abu Dhabi – Mubasher: Al Khazna Insurance Company’s (AKIC) stock saw a positive performance in Tuesday’s early trades, hitting its highest level in six months.
The stock rises 14.6% or AED 0.06 to stand at AED 0.47 by 10:40am UAE time.
The insurance sector saw a positive performance in line with the application of the consolidated motor insurance policy system, in addition to positive expectations for annual profits, capital market analyst Wael Muheisen said.
AKIC generated AED 31,830 after trading 13,650 shares.
The Abu Dhabi’s main index went up 0.02% to reach 4,534.89 points during the same time.
Dividends will be one of the main catalysts which will affect the UAE stocks’ performance in the coming sessions, Muheisen added.
Translated by: Julian Nabil
