48.3 billion dirhams of “ADNOC Gas” gains, two weeks after the listing
The share of “ADNOC Fuel” consolidated its positive aspects over the course of two weeks of itemizing on the Abu Dhabi Securities Market, gaining a market capitalization of greater than 48.3 billion dirhams.
The market capitalization of “ADNOC Fuel” shares rose from 181.9 billion dirhams upon itemizing to greater than 230.2 billion dirhams by the top of as we speak’s session.
The share value rose by 26.6% because the itemizing, to shut at 3 dirhams on the finish of buying and selling as we speak, in comparison with the supply value of two.37 dirhams, with positive aspects equal to 0.63 dirhams.
Over the course of two weeks, the share of “ADNOC Fuel” attracted greater than 1.6 billion dirhams of liquidity, after buying and selling on 563.9 million shares, by means of the implementation of greater than 24.1 thousand transactions.
ADNOC Fuel shares had been listed early final week on the Abu Dhabi market, within the largest preliminary public providing ever out there and the most important preliminary public providing on the planet thus far this 12 months, after gathering complete proceeds of 9.1 billion dirhams.
The ADNOC Fuel IPO achieved the strongest ever demand for an IPO within the UAE, with complete demand throughout all tranches reaching greater than 450 billion dirhams, exceeding the goal worth by practically 50 occasions.