Dubai – Mubasher: Arabtec Holding’s stock grew on Sunday on the Dubai Financial Market (DFM) to its highest level since 12 September.
By 10:50 am UAE time, Arabtec’s stock gained 2.35% to AED 3.05. Turnover on the stock amounted to AED 18.76 million after 6.14 million shares changed hands through 168 transactions.
In the meantime, the DFM’s general index fell 0.25% or 9.2 points to 3,663.60 points.
In late September, Arabtec announced that its subsidiary Target Engineering had been awarded an AED 196 million project.
Arabtec last reported turning a profit with AED 40.8 million in the second quarter of 2017 against losses in the corresponding period of 2016.
Arabtec has not yet announced the disclosure date for its financial results for the third quarter of the year.
