Spotify rival Anghami hits a high note, draws retail interest

Anghami

17/02/2022 20:32

** Shares of Anghami Inc  ANGH.O , Middle East and Northern
Africa-focused music streamer, surges 200% to session high
$33.13 on Thurs with no obvious catalyst for the move
    ** ANGH last up 128.1% at $25.20 on volume approaching 16
mln shares in late afternoon trade
    ** Shares have roughly doubled since Anghami became first
Arab tech firm to list in U.S. in early Feb after completing
SPAC merger  urn:newsml:reuters.com:*:nL4N2UF2EX
    ** ANGH is #2 trending and among most watched stocks on
retail-investor-focused forum Stocktwits with message volume up
~370%
    ** Shares of Spotify  SPOT.N  down 3.6% at $158.06 on the
session as stocks sell off amid heightened Ukraine tensions  .N 

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))