Arabtec Holding soars on AED 1bn deal Thursday

Dubai – Mubasher: Arabtec Holding’s stock soared on the Dubai Financial Market (DFM) on Thursday, after the company announced that it had been awarded an AED 1.025 billion contract to establish Villanova complex.

By 12:00 pm UAE time, the stock surged 2.12% to AED 2.41, its highest level in three months, after five million shares were traded, generating AED 12.09 million through 163 transactions.

The real estate sector increased by 0.68% to 6,671.42 points, while the general index added 0.55% to 3,363.09 points.

Mubasher Contribution Time: 28-Dec-2017 09:04 (GMT)
Mubasher Last Update Time: 28-Dec-2017 09:18 (GMT)