Arabtec gains; UAE mkts mixed

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Dubai's contractor Arabtec gains after saying it won a 2.3 billion riyals ($631.76 million) contract from Qatar's Msheireb Properties and most Gulf markets edge higher.

Shares in Arabtec are up 1.7 percent. Dubai's index gives back early-session gains and now trades flat.

Abu Dhabi's benchmark climbs 0.2 percent to 2,682 points, extending year-to-date gains to 11.6 percent.

Banks support with First Gulf Bank and Abu Dhabi Commercial Bank rising 1.9 and 0.7 percent respectively.

In Kuwait, the bourse ticks up 0.01 percent to 5,907 and Oman's index adds 0.15 percent to 5,572 points.

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Why PE's back in vogue in the Middle East

Why PE's back in vogue in the Middle East

Confidence is returning to the Gulf’s private equity market after...

Blood on the bourse floor

Blood on the bourse floor

Arabtec’s share price collapse was the catalyst for a huge sell...

Risky business

Risky business

Libya’s stock market is one of the smallest in the Arab world...

Most Discussed