Wednesday 15 August 2012

MIDEAST STOCKS-Dubai's Drake & Scull at week-low; Gulf mkts muted - Yahoo! News Maktoob

Dubai contractor Drake & Scull International slumped to a one-week low on Wednesday after it posted disappointing second-quarter numbers that missed forecasts, but trading on most regional markets were muted ahead of the Eid holidays.
Drake shares dropped 1.9 percent to its lowest since Aug 7.
The stock, which has gained 24 percent year-to-date, accounted for nearly half the shares traded on the emirate's bourse.

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