Dubai-Mubasher: Drake and Scull International’s (DSI) stock declined, overshadowing the news that its subsidiary won a project worth AED 245 million.
The index declined 3.25% by 12:00pm UAE time to reach AED 0.38; the lowest level since March 2009.
DSI’s subsidiary Drake and Scull Engineering (DSE) has been awarded an AED 245 million contract to deliver Mechanical, electrical, and plumbing services (MEP) works for a project in Abu Dhabi, according to a bourse filing on Wednesday.
Turnover on the stock reach AED 3 million after trading 7.5 million shares through 98 transactions.
As a result, the real estate sector fell 0.81, pushing the general index to decline 0.46%.
