#UAE's Al Ansari shares opens 16% higher in debut trading

UAE's Al Ansari shares opens 16% higher in debut trading

UAE's Al Ansari Financial Services shares opened nearly 17% higher on its Dubai Financial Market debut on Thursday following an IPO in which the exchange house raised 773 million dirhams ($210 million).

Shares opened at AED1.20 compared with the IPO price of AED1.03 per share. It is currently trading at AED1.21.

Earlier on Thursday, the company said it has appointed BHM Capital Financial Services as a liquidity provider for its shares on DFM.