UAE .. Al Khaleej Navigation shares increases 0.37% after the implementation of a big deal

Al Khaleej Share for Navigation Holding and traded in the Dubai Financial Market increased by 0.37% during trading today, Wednesday, to close at the price of 5.49 dirhams per share, after the implementation of a large deal.

7.2 million shares of Gulf shares were traded for navigation at that time, with a value of trading 38.52 million dirhams.

The highest price for the share at that time was at 5.58 dirhams per share during the session, while the lowest price per share was at 5.32 dirhams per share.

Today, Wednesday, the Dubai Financial Market witnessed the implementation of a big deal on the shares of the Gulf Holding Holding Company, at a value of 14.6 million dirhams, which contributed to the rise in the stock price.

According to the market data, the deal was implemented on 2.7 million shares of the company, which is equivalent to 0.3% of the company’s capital, at a price of 5.44 dirhams per share.

The Gulf Holding Holding Company was established in 2003, its headquarters in Dubai, the United Arab Emirates, and is considered one of the most prominent marine shipping companies in the region.

The company provides a wide range of marine services, including the transfer of petrochemical materials, marine agencies services, and ship management, with a focus on safety and sustainability.

In 2023, the company achieved a net profit of 21 million dirhams, compared to net losses of 7.6 million dirhams in 2022. The revenues also witnessed a decrease of 23% to reach 106 million dirhams, as a result of periodic maintenance of ships.