Sunday 15 April 2012

STOCKS NEWS MIDEAST-UAE telco du surges on block trade - Yahoo! News UK

Telecoms operator du surges after 2.4 million shares change hands in a trade that occurs in the final minute before the market close.
Du climbs 14.5 percent, trading 3.8 million shares on the day. The 30-day full-day average volume traded on the stock is 3.36 million, according to Reuters data.
"Some traders say it's an error but I don't think that is the case," says Saad al-Chalabi, a technical analyst for
institutional equities at Al Ramz Securities.

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