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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Tamweel surges on speculation drop in past two days overdone

Posted on 13 May 2011

Tamweel PJSC (TAMWEEL), the home finance company majority owned by Dubai Islamic Bank PJSC (DIB), rebounded on speculation a 19 percent slide in the past two days after a more than two-year suspension was overdone.
The shares rose 6 percent to 85 fils at the 2 p.m. close in Dubai, after earlier rising as much as 13 percent. Tamweel tumbled 19 percent in the first two trading sessions since Nov. 20, 2008………………………………………Full Article: Source

 
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