Arabtec gains 6.36% as Nakheel presents debt-restructuring

15 July 2010

The Dubai Financial Market (DFM) Index finished the week positively (up one percent at 1,520.20 points) on news that Dubai World's real estate developer Nakheel presented a debt restructuring plan to its creditors. Although details have not been released, one of Nakheel's contractors Arabtec reacted positively, finishing 6.36% higher at Dhs1.84. Shares listed at the Nasdaq Dubai posted losses, as DP World plummet 1.79% to $0.438 and Depa was down 4.05%, closing at $0.71. Some 90.146m shares changed hands at the DFM which finished its first trading week with the Nasdaq Dubai on a common trading platform. During the week, the DFM Index added 0.92%.

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