"Well, we did ask. That’s the Dubai bourse down almost 8 per cent at pixel time…
Chart via Reuters. The culprit: Arabtec, down 10 per cent, and 6 per cent of the index. One of the Middle East’s largest construction companies (market cap $3.7bn, still) appears to be suddenly rather light on executives.
Oh and Arabtec shares had risen 250 per cent this year until early May.
They can be yours for only 25 times forward earnings."
'via Blog this'
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