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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Insurance (Takaful), Market Moves more

Bourse charts rise and fall of Takaful shares

Posted on 11 January 2011

From Thenational.ae: What a difference a day makes with the rise and fall of Takaful Emarat Insurance the story on the bourses Monday morning. Shares of the insurance firm, listed in Dubai, declined by more than three per cent to 78 fils at 10:40amm this was a reverse on yesterday when Takaful gained 7.8 per cent.
“The price is good considering the past period,” said Rami Awwad, operations manager at Al Awael Securities in Abu Dhabi. Shares have fallen by 12 per cent in the last 3 months. “The chances are it will recover, it is a well liked stock among local investors, but volumes are not as high as leading firms,” he said……………………………………….Full Article: Source

 
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