Thursday 13 December 2012

STOCKS NEWS MIDEAST-Drake & Scull helps lift Dubai; Etisalat recovers - Yahoo! News Maktoob

Dubai-listed Drake and Scull helps lift the emirate's bourse after the firm's joint venture won a new contract in Saudi Arabia valued at 2.7 billion riyals ($719.96 million).
Shares in DSI rise 1.6 percent. The contractor and engineering firm, along with Arabian Construction co will build the third phase of the Jabal Omar development in Mecca. Other property-related stocks also gain. Emaar Properties and builder Arabtec climb 0.5 and 0.4 percent respectively.
Dubai's benchmark advances 0.5 percent to 1,595 points, down 1 percent so far in December.

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