Market round-up: UAE stock markets outperform rest of Gulf in October | ZAWYA MENA Edition:
"Stock markets in the United Arab Emirates outperformed their Gulf rivals in October ahead of a major initial public offering (IPO), while Saudi Arabia declined despite investment reforms that were seen as investor-friendly.
Dubai’s index added 2.02 percent last month, while neighbouring Abu Dhabi gained 1.87 percent.
Drake & Scull International (DSI) was the most notable stock performer, surging 33 percent after the mechanical, electrical and plumbing (MEP) contractor announced in early October that it had completed a restructuring programme and received a 500 million UAE dirham ($136 million) cash injection from Abu Dhabi-based private equity firm Tabarak Investment."
'via Blog this'
No comments:
Post a Comment