Drake and Scull surges 2.30% at Dubai market

05 July 2010

Closing on Monday with nine winners and nine losers, the DFM Index stood at 1,472.33 points gaining a quarter percent. Emaar Properties, which is also a market indicator, ended flat at Dhs3.08. Investors hailed contractor Drake and Scull International's (DSI) first major contract it has won in Saudi Arabia, a SR450m civil contracting contract for the construction of the Al Jawharah project in Jeddah. DSI added 2.30% and closed at Dhs0.79. Trading value and volume declined further by 13% and 15%, respectively. Five shares ended flat.

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