MIDEAST STOCKS Abu Dhabi outperforms Gulf stocks as IHC extends surge
June 28 (Reuters) – Abu Dhabi stocks outperformed Gulf markets on Monday, led by a 9% surge in the shares of the International Holding Company (IHC) conglomerate, which benefited from the listing of a subsidiary.
IHC, now Abu Dhabi’s most valuable listed company, gained after the listing of Alpha Dhabi Holding (ALPHADHABI.AD), in which IHC holds a 45% stake and which operates in the healthcare, construction and hospitality sectors. read more .
Alpha Dhabi leapt over 8%.