Financial Analyst: The surplus funds from the subscription will return to buy "Dewa" from the market

The financial analyst and general manager of Al-Ansari Financial Services Company, Abdul Qader Shaath told "Emirates Today" that the first hour's trading on the "Dewa" stock, which exceeded $200 million, is equivalent to the trading of a full-day session of the Dubai market during the last 4 months, which reflects the very high interest of investors in the stock. Pointing out that the stock's record rise was expected due to the high demand for subscription, which in turn made the allocation ratios few, forcing investors to buy from the market due to the lack of a quantity of shares as expected.

Shaath expected, "that the surplus funds from the subscription, which were returned to the subscribers, will return to the market again to buy the stock due to the low allocation rates."

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