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UAE Stocks: Pure Health, Apex Investment

  • Apex Investment +9%
  • Pure Health Holding +5%
  • Commercial Bank of Dubai -2.4%

Apex Investment saw gains of 9% on Thursday, reversing most of yesterday’s losses in a day of higher than average trade. There’s no news out but the stock has been struggling all month despite posting impressive Q1 numbers at the end of April. Yesterday’s low however sent the stock back to levels not seen since 2021.

Pure Health Holding was 5% higher on the day. The company put out an upbeat press release earlier in the week highlighting recent performance but the share price seems to have been sluggish to respond. This could well explain today’s gains.

Commercial Bank of Dubai was the biggest faller of the large caps, down 2.4%. Whilst trade was thin that extends the losing streak to three consecutive days and comes on top of Tuesday’s 7% sell off.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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