PureHealth's share price up 76% on first day of trading

PureHealth Holding's share price soared by more than 76 per cent on its first day of trading on the Abu Dhabi Securities Exchange (ADX) on Wednesday, closing at AED 5.74.

The share's opening price was AED 3.26, before hitting a high of AED 6.00 during the trading session.

The company's market capitalisation also rose sharply, from AED 36.22 billion at listing to AED 63.77 billion at the end of the day.

The shares attracted trading worth over AED 218.7 million on its first day of trading, with 39.14 million shares changing hands in 6,418 transactions.

On December 1, PureHealth Holding PJSC, the largest healthcare platform in the Middle East, announced it was offering 1,111,111,111 shares of the Company for its Initial Public Offering (IPO) on the First Market of ADX, representing 10 per cent of the total share capital of the Company.