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

Islamic mortgage provider Tamweel falls 10pct Tuesday

Posted on 11 May 2011

Shares in the Islamic mortgage provider Tamweel fell 10 per cent on Tuesday morning after the company resumed trading for the first time since November 2008.
Investors rushed to offload stock in the company, which dropped from 99 fils to 0.891 fils at the open on the Dubai Financial Market General Index. Individual stocks can only gain or drop by a maximum of 10 per cent in a single trading session……………………………………….Full Article: Source

 
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