Dubai – Mubasher: Drake and Scull International’s (DSI) stock rose for the fourth successive session on the Dubai Financial Market (DFM) following the success of its restructure programme.
During the last four sessions, 300 million shares were traded, generating over AED 500 million, with DSI’s stock surging a combined 27% to AED 1.86.
DSI's market capitalisation increased by AED 460 million in the previous four sessions to AED 1.99 billion from AED 1.56 billion, after the announcement of an AED 500 million investment in the company's capital under the restructure programme.
DSI’s stock, up 3.35% to AED 1.86 by 12:00 pm UAE time, topped the DFM’s gainers in terms of both trading volume and value after 46 million shares were traded, generating AED 84 million.
Earlier in October, DSI said it had completed the capital restructure programme, which began by earlier in 2017.
