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DSI’s German subsidiary snatches deal in India

At the Dubai stock exchange DFM, the market index DFMGI fell by 0.85 per cent higher to 4,554.58 points on Monday, July 7, amid slightly bearish market breadth.

Real estate and property maintenance firm Drake and Scull International, known as DSI, plummeted 3.14 per cent to AED1.54. Earlier in the day, DSI said its wholly owned German subsidiary Passavant Energy and Environment signed two contracts  for a combined value of AED 103 million for the construction and operation of two wastewater treatment plants in India. Passavant Energy & Environment will undertake design and construction, including installing, testing, commissioning and 5-year operation of two sewage treatment plants each with a capacity of 95 million liters per day.

The shares of Arabtec added another 3.96 per cent to close at AED4.20, while beverage producer Gulfa gained the most, finishing 14.88 per cent higher at AED2.78.

Gérard Al-Fil