Drake & Scull International rose yesterday after the contractor based in Dubai announced it had been awarded Dh96 million worth of contracts in Oman.
The company said it would oversee the complete mechanical, electrical and plumbing works, according to a statement it filed on the Dubai Financial Market (DFM) website recently.
DSI’s shares advanced 0.3 per cent to 80 fils. Trading was subdued on the DFM as oil declined and most investors bet the UAE would not be upgraded to emerging markets from its current frontier markets status by MSCI.
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