Dubai – Mubasher: Drake & Scull International (DSI) stock slipped in Dubai Financial Market early Tuesday, despite the company’s announcement of winning two contracts worth AED 131 million in Abu Dhabi and Dubai.
The stock dropped by 1.18% to reach AED 0.420 by 11:00am UAE time.
A total of 3.32 million shares in the company were traded in 39 transactions at turnover reaching AED 1.41 million.
The company’s subsidiary Drake & Scull Engineering (DSE) has been awarded the delivery of mechanical and lighting works for a mixed-use residential and commercial tower in Abu Dhabi as well as two district cooling plants (DCP) in Dubai for a combined contract amounting to AED 131 million.
