Dubai: Al Ansari Financial Services' stock was up a near 20 per cent in the initial moments of its listing on Dubai Financial Market. The stock priced at Dh1.03 is now at Dh1.22 on volumes of 40 million shares traded within the first two minutes. 

Retail investors had been in the vanguard of the offering from Al Ansari, a family-owned business that floated 10 per cent as part of the process. The company derives the bulk of its revenues from remittances and is the dominant player in the UAE market with more than 30 per cent share.