Tuesday 3 July 2018

BUZZ: Shares of Dubai-listed Drake & Scull sink 9.9% | ZAWYA MENA Edition

BUZZ: Shares of Dubai-listed Drake & Scull sink 9.9% | ZAWYA MENA Edition:

Shares of Drake & Scull sink 9.9 percent in early trading to 0.61 dirhams ($0.16). The stock is down around 27 percent so far this week and 73 percent in the year to date, making it one of the worst performing stocks on the Dubai index.  DSI has been lagging as a result of concerns about its financial position, business outlook and the outcome of a probe into "violations" by previous management.

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