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12/4/24, 1:26 PM Salik, Parkin are UAE's best performing stocks - how will new fees add to that? | Markets – Gulf News
Parkin's new fee structure takes effect late March.
Image Credit: Ahmed Alotbi/Gulf News
Parkin's stock is at Dh4.14 against a 52-week high of Dh4.49. Market analysts say the
same push and pull that Salik's stock could benefit from once the new variable usage
fees come in will apply to Parkin too. (Parkin's IPO price was Dh2.1.)
In the July to end September 2024 period, Parkin oversaw parking transactions of 33.8
million, which was 16% up from a year before. From end March next, when variable fees
come in for peak and off-peak usage, even simple forecasts suggest Parkin is up for a
sizeable top-line boost. Plus, there should be more cars on the road given the trends in
the resident base.
https://gulfnews.com/business/markets/salik-parkin-are-uaes-best-performing-stocks---how-will-new-fees-add-to-that-1.1732854430612 7/15
