Current Date:

Thursday, 12 October 2017

Hikes in Sudatel Stocks in Abu Dhabi Stock Market

Khartoum – As a direct result to the US decision of lifting the 20-year economical sanctions on Sudan Sudatel share witnessed considerable hike by 15% (from 0.60 to 0.69) Dirham which is equivalent to 19 US cents in Abu Dhabi Stock Market whereby the amount of shares increased from 1,246,489 to reach 26,295,045 million shares.
According to Khartoum Stock Market General Manager, Dr. Azhari El-Tayeb Sudatel has its clear impact on the Sudanese economy and has its direct effect in the development in Khartoum Stock Market, adding that the direct impact is the considerable increase in the value of its shares.
It is to be noted that several observers expect stability in the exchange rate a matter that will lead to attracting the investors and flourish the Sudanese economy.