Arabtec resumes decline on Dubai Financial Market | The National

Arabtec resumes decline on Dubai Financial Market | The National:



"Arabtec’s decline resumed yesterday as the company’s shares dropped a further 5.4 per cent to close at Dh 3.10, wiping out signs from Wednesday that a recovery in the builder’s stock might be under way.



The Dubai Financial Market, on which Arabtec trades, was mostly flat over the course of the day, closing down 0.7 per cent at 4,222.75.



Emirates NBD had a strong day on the exchange, gaining 7.3 per cent – followed by Commercial Bank of Dubai, which gained 4.4 per cent, and Dubai Islamic Insurance and Reinsurance, which gained 1.9 per cent."



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