UAE .. The “Gulf Investment” shares rises to the highest price since the list

The share of the Gulf Investment Company, which is included in the Abu Dhabi Financial Market, rose by 5.77% during trading today, Thursday, to trade at 6.60 dirhams per share, achieving its highest price since the list.

152.03 thousand shares of Gulf investment shares were traded at that time, with a value of trading 982.65 thousand dirhams.

The highest price for the share at that time was at 6.85 dirhams, during the session, while the lowest price for the share was at 6.10 dirhams.

Gulf Investment Company, listed in the Abu Dhabi Securities Market, recorded a remarkable leap in its profits during the first nine months of this year, as it increased by 436% compared to the same period in 2023.

The company reported that its net profit reached 12.55 million dirhams until the end of September 2024, compared to 2.34 million dirhams during the same period last year.

The company’s revenues also grew during the first nine months of this year by 4.45%, to reach 13.13 million dirhams, compared to 12.57 million dirhams in the same period of 2023.

In the first half of 2024, the company turned into profitability by achieving a net profit of 5.68 million dirhams, compared to losses of 520.45 thousand dirhams during the first half of 2023.

The company’s revenues in the first half of this year amounted to 8.66 million dirhams, compared to 8.46 million dirhams in the same period last year.