• Shares of Parkin, the entity established by Dubai to manage parking operations in the emirate, surged by 30 percent as it commenced trading on the Dubai Financial Market on Thursday. Parkin, debuting under the ticker symbol "PARKIN," witnessed its share price rise to Dh2.73 in early trading on the DFM. It emerged as one of the most actively traded stocks on the exchange, with a volume of 38.6 million shares exchanging hands.

• Having garnered Dh1.57 billion ($429 million) from its initial public offering, Parkin became the inaugural entrant to tap into the UAE capital markets this year, attracting record investor interest totaling Dh259 billion. The Dubai Investment Fund divested 749.7 million ordinary shares of Parkin, constituting 24.99 percent of the total issued share capital, in the IPO that concluded on March 14.