"Arabtec Holding PJSC (ARTC), the company building the Abu Dhabi branch of the Louvre, jumped the most this month after a venture led by it won a 4 billion-dirham ($1.1 billion) contract.
The stock climbed 3.9 percent, the biggest gain since May 30, to close at 2.12 dirhams in Dubai, bringing the advance this year to 14 percent. About 46 million shares traded, or 2.1 times the three-month daily average, making the company the third most-traded stock in Dubai’s benchmark index.
Arabtec said it won the contract from Aldar Properties PJSC (ALDAR)’s unit to develop the Abu Dhabi Plaza in Astana, Kazakhstan. Construction on the mixed-use development includes five towers and is due to be completed in 2017."
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