At the Abu Dhabi stock exchange, the equity market index ADXGI accelerated its recovery that started yesterday and closed 3.81 per cent higher at 4,753.99 points on Wednesday, July 2.
Financing, investment and leasing specialist Waha Capital gained the most, closing 14.89 per cent higher at AED2.70.
Earlier in the day, Waha revealed in a filing to the ADX that the size of a revaluation of gain of its sale in its majority stake in AerLift Leasing Limited in the US will be confirmed once the financial results for the second quarter will be released. Waha reacted to an article based on an interview with its CEO Salem Al-Noaimi published by Sharjah-based Arabic daily Al Khaleej. Waha sold its 60.4 per cent stake in April for an undisclosed sum. Waha confirmed that it expected a record year in relation to profitability for 2014. It also confirmed it would invest AED200 million ($54.54m) in the healthcare sector over the next three to five years.
Wednesday, July 2- 2014 @ 16:59 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.