Dubai – Mubasher: Arabtec Holding’s stock topped the Dubai Financial Market’s (DFM) gainers on Wednesday, registering its highest gains in a month as investors focus on stocks that are expected to register profit grow in the third quarter.
By 12:45 pm UAE time, Arabtec Holding’s stock surged 5% to AED 3, its highest level since 9 September.
The stock’s trading volume reached 6.59 million shares, generating AED 19.52 million through 239 transactions.
Contracting companies have begun to make profits and grow, which what is expected for Arabtec Holding, capital market analyst Mohamed Al Azmi told Mubasher.
The active trading of the stock is targeting the AED 3.2 price level, the analyst said, noting that passing this level will boost the stock towards the levels of AED 3.5 and AED 4.
In the meantime, the DFM’s main index rose 0.76% or 27.19 points to 3,597.39 points.
