Arabtec shares up 10% in trade

Shares are up on reports that the company would announce a profit for the first quarter of 2017

Image Credit: Virendra SaklanilGulf News Archives
An Arabtec construction site at Business Bay. In 2018, Arabtec said it plans to secure new projects, recycle capital, and ensure on-time and on-budget delivery of projects. The company is then targeting growth in 2019, which will also see a return to dividend distribution.
Gulf News

Dubai: Arabtec shares jumped nearly 10 per cent on Wednesday after reports that the company would announce a profit for the first quarter of 2017.

Arabtec shares were up 8.93 per cent to be at Dh0.915, after hitting a high of Dh0.966.

The wider Dubai index was up 0.29 per cent at 3,505.91.

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