Arabtec’s rebound spurs benchmark as company assures investors
- By Sarah Diaa, Staff Reporter
- Published: 19:31 July 2, 2014
The Dubai Financial Market (DFM) index ended the day’s trade with a 7.92 per cent increase — the most since September 10 — to reach 4,389.94 on the back of a 14.93 per cent gain by powerhouse Arabtec.
Meanwhile, the Abu Dhabi Securities Exchange (ADX) general index jumped 4.96 per cent to reach 4,806.75.
Real estate developer, Arabtec, whose performance has been marred by instability and a 63 per cent plunge from its May peak, reached a closing price of Dh3.31. The rise marks the most increase since April 2012.
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