PureHealth's share price up 76% on first day of trading

Thursday, 21 December 2023 06:00

By ARN News Staff

PureHealth Holding's share price soared by more than 76 per cent on its first day of trading on the Abu Dhabi Securities Exchange (ADX) on Wednesday, closing at AED 5.74.

The share's opening price was AED 3.26, before hitting a high of AED 6.00 during the trading session.

The company's market capitalisation also rose sharply, from AED 36.22 billion at listing to AED 63.77 billion at the end of the day.

The shares attracted trading worth over AED 218.7 million on its first day of trading, with 39.14 million shares changing hands in 6,418 transactions.

On December 1, PureHealth Holding PJSC, the largest healthcare platform in the Middle East, announced it was offering 1,111,111,111 shares of the Company for its Initial Public Offering (IPO) on the First Market of ADX, representing 10 per cent of the total share capital of the Company.

More from Business

IDC 2025 discusses global disruptions, defence preparedness

The International Defence Conference 2025 commenced on Sunday at Emirates Palace in Abu Dhabi, bringing together defence and security leaders, experts, and companies from around the world to discuss key challenges and opportunities in the sector.
Dubai Energy Council reviews carbon emissions progress

Ahmed bin Saeed chaired the Dubai Supreme Council of Energy meeting on Sunday, which reviewed progress in carbon emission reduction technologies in alignment with the UAE’s Net Zero 2050 Strategy and the Dubai Carbon Abatement Strategy 2030.
OpenAI board rejects Musk's $97.4 billion offer

OpenAI has rejected a $97.4 billion (AED 357 billion) bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.
AD Ports Group reports net profit of AED 1.78 bln

AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending December 2024, and saw revenue increase 48 per cent year-on-year (YoY) to AED 17.29 billion.