Tuesday 24 April 2012

MIDEAST STOCKS-Arabtec surge helps lift Dubai; Gulf mixed | Reuters

Shares in Dubai's Arabtec surged on Tuesday after a unit of the builder won new contracts, helping the bourse index make its largest daily gain in three weeks, while other Gulf bourses were mixed in muted trade.

Arabtec jumped 6.2 percent, extending year-to-date gains to 127 percent.

Its unit, Target Engineering Construction, won contracts worth $137 million in Qatar and the United Arab Emirates.

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