Arabtec down after denying ex-CEO’s appointment

Dubai-Mubasher:  Arabtec Holding’s stock fell in Monday’s mid-session after the company said that news on appointing the former CEO Hasan Ismaik as board member are false.

The construction firm's stock declined 1.64% to reach AED 1.80 after trading 251.76 million shares, with turnover of AED 444.30 million ($120.96 million).

Arabtec said there are no major technical or operational events that may affect its stock’s price, according to a bourse filing on Tuesday. 

Mubasher Contribution Time: 07-Mar-2016 08:21 (GMT)