Published: Sep 25, 2014
Source: Emirates 24|7

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Marka jumps 77% in first trading day on DFM

Strong retail investor demand shows hunger for new equity

Shares in Dubai retailing and restaurants group Marka jumped 77 percent upon listing on Thursday in the first flotation on the emirate's main stock market since 2009.

Marka shares opened at Dh1.77 on the Dubai Financial Market (DFM), up from their initial public offer (IPO) price of Dh1. The firm raised Dh275 million ($75 million), 55 percent of its capital, in April via an offer that was 36 times subscribed- By Reuters Read more>>>

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