Complex Made Simple

Dubai sell-out accelerates despite Arabtec’s first quarter profit jump

Twenty-four out 25 traded shares lost at the DFM today, whose General Index dived 1.86% to close at an 11-week low at 1,526.94 poins Wednesday. Arabtec Construction was the most liquid share and plummeted 5.11% to Dhs3.16. Earlier in the day, Arabtec reported for the first quarter a profit of Dhs84.08m, a 215%-increase over the same period last year. Trading volumes fell compared to yesterday, as 113.7m stocks valued at Dhs170.5m changed hands.