Friday, October 21, 2016

Solidere shares soared on positive political news. Further increases expected


Solidere's shares soared this week on the back of a better prospective for the election of a new President. 'A' shares jumped 19 percent compared to last week's closing price and 'B' shares surged 21 percent.

However, the shares witnessed a decrease on Friday due to profit taking.

Toufic Karam, Head of Capital Markets at FFA Private Bank, said: "They are expected to rise again if news of political decompression continues to emerge."

On Friday, the 'A' shares closed at $11...

Article details

No comments:

Post a Comment