Dubai – Mubasher: Arabtec Holding’s stock rose in Wednesday’s mid-session, following the news that the company’s board will meet to discuss business operations and capital restructuring.
The stock added 2.6% to AED 0.938 by 12:30pm UAE time, generating AED 37.27 million from the exchange of 39.75 million shares.
The stock is witnessing speculations which aim at trimming the losses it witnessed in the past sessions and making use of the company’s good news today, financial analyst Mahmoud Abou Zeid said.
The company’s board will meet Sunday, 12 March, to review the company's business continuity, as well as the latest updates related to the capital restructuring programme.
Arabtec’s accumulated losses reached over AED 4.6 billion.
