Abu Dhabi – Mubasher: National Takaful Co. (Watania) said on Wednesday that it has no material information or data that would affect its share price.

The UAE’s Capital Market Authority (CMA) asked to be informed of any information that may explain the sudden rise in Watania’s stock price on Monday and Tuesday, according to the filing to the Abu Dhabi Securities Exchange (ADX).

The takaful company’s stock price leaped 14.39% and 12.86% on Monday and Tuesday, respectively but saw no trading on Wednesday.

Watania previously announced appointing Mohamed Ishaq Hamdan, the company’s legal director, as acting CEO after Osama Al-Qaisy resigned for personal reasons.

The company previously reported a net loss of AED 3.68 million (nearly $1 million) in Q1-15 against a net profit of AED 3.3 million ($900 million) in Q1-14.