Dubai – Mubasher: Arabtec Holding’s stock led the Dubai Financial Market’s (DFM) gainers on Wednesday, adding 2.05% to AED 2.99 by 11:45 am UAE time, its highest level in about four weeks.
Arabtec Holding’s trading volume reached 3.7 million shares, with a turnover of AED 11.02 million through 103 transactions.
Contracting companies began to succeed and register profit increases, which may be seen in Arabtec soon, capital market analyst Mohamed Al Azmi told Mubasher.
The stock is targeting AED 3.2, the analyst noted, adding that by breaking above this level, the stock can rise to AED 3.5 and AED 4.
In the meantime, the DFM gained 0.12% or 4.25 points to 3,640.12 points.
