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FINANCIAL NEWS
Dubai’s insurance stocks seen non-stop buying
03 Jun 2017
(MENAFN) On Thursday, Dubai’s insurance stocks witnessed continued buying as the one posted in previous December, when most of the stocks had doubled from levels in preceding month.
Shiv Prakash, senior analyst with National Bank of Abu Dhabi Securities confirmed: “Insurance stocks were in limelight and witnessed good momentum buying.”
And he added: “Dar Al Takaful closed more than 5 per cent higher at Dh1.19. “The stock witnessed strong buying, on increased volumes hinting at accumulation. Traders may look to target Dh1.35 in the short term.”
However, Aman Insurance may target Dh1.24 in the near-term, which means two upper circuits in coming sessions.
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