Agility Global Makes Strong Showing on Abu Dhabi Exchange Debut

Agility Global Makes Strong Showing on Abu Dhabi Exchange Debut

Arabian Post -Shares in Agility Global,a subsidiary of Kuwaiti logistics giant Agility,skyrocketed on their first day of trading on the Abu Dhabi Securities Exchange (ADX) on Thursday.The stock opened at 1.48 dirhams per share,a staggering 300% increase compared to the reference price of 0.37 dirhams set by the company.The price remained buoyant throughout the day,closing at 1.38 dirhams,solidifying its position as the second-most traded stock in terms of both […]

via Agility Global Makes Strong Showing on Abu Dhabi Exchange DebutArabian Post -

Shares in Agility Global,a subsidiary of Kuwaiti logistics giant Agility,skyrocketed on their first day of trading on the Abu Dhabi Securities Exchange (ADX) on Thursday.The stock opened at 1.48 dirhams per share,a staggering 300% increase compared to the reference price of 0.37 dirhams set by the company.The price remained buoyant throughout the day,closing at 1.38 dirhams,solidifying its position as the second-most traded stock in terms of both value and volume on the ADX.

This impressive debut translates to a market capitalization of 14.48 billion dirhams ($3.94 billion) for Agility Global.The company’s strong performance is likely due to a combination of factors,including its status as a subsidiary of a well-established logistics leader in the region,Agility.Agility boasts a proven track record,having generated