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Another day of Abu Dhabi's International Holding's stock zooming up


UAE and other Gulf stocks opened the day on a higher note riding on optimism created by the US recording a surge in employment data for March. The numbers suggest that US business activity is coming back thanks to stimulus packages and a robust COVID-19 vaccination campaign.
The investors are upbeat as any turnaround in the world s biggest economy will have spillover impacts, propelling global stock markets upward on Monday.
Soaring on divestiture
Abu Dhabi Securities Exchange soared 1.1 per cent at 6,016 points in yet another stellar performance on its seventh day of consecutive gains. The index advance was mainly led by International Holding, which gained 11.3 per cent to Dh73.9 after announcing its plan to divest 100 per cent shareholding in Trust International Group for a sale consideration of Dh350 million. ....

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