Abu Dhabi Multiply Group shares recover slightly after plunging in early trade | ZAWYA MENA Edition
Shares of Multiply Group, a subsidiary of International Holding Company (IHC) that listed on Abu Dhabi Securities Exchange (ADX) on Sunday, recovered slightly after plunging in early trade.
At 1:00 pm local time, the share was trading at 1.92 dirhams, recovering from the 30 percent drop in early trade but still way below its listing price of 2.35 dirhams.
The Abu Dhabi-based tech-focused holding company with assets of over $2.2 billion, has investments in automotive, utilities, capital, wellness and communications industries. It began debut trading on Sunday following a direct listing.
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