On the first day of trading on the Abu Dhabi Securities Market, Alef Education Company’s shares fell by 19% to 1.09 dirhams, before closing at 1.18 dirhams, a decrease of 12.6% compared to the offering price of 1.35 dirhams. This resulted in the company losing about 1.2 billion dirhams in market value at the end of the session, reaching 8.26 billion dirhams from 9.45 billion dirhams upon listing.
In terms of market indicators, the Dubai market fell by 0.7% while the Abu Dhabi market fell by 0.24%. The Abu Dhabi market saw a large direct deal on “Union Insurance” shares worth 170 million dirhams, as well as another deal on “The National Investor” for 18 million dirhams. Overall, the shares attracted a total liquidity of 1.78 billion dirhams, with
