Mubasher: Arabtec Holding’s stock topped gainers after the news that a contract was awarded to a joint venture between the UAE’s Arabtec from and Turkish TAV Construction, according to a statement.
The stock jumped 11% by 11:20am UAE time to AED 1.22; the highest level in seven sessions. The real estate sector rose 8.6%.
This is the second contract for Arabtec after winning a contract worth AED 2 billion from Abu Dhabi's Aldar Properties.
