Arabtec shares rebound spurs rally on Dubai Financial Market

The Dubai Financial Market had its best day in more than nine months yesterday as shares in Arabtec rebounded to close up 5.1 per cent.

The Dubai market?s broad rally lifted its main index 6 per cent on the day and nearly reversed Tuesday?s losses, when the index shed 6.6 per cent.

While Arabtec shares finished up yesterday, it was far from a smooth ride.

Arabtec dropped to Dh2.85 in early trading ? 8 per cent below its opening price ? before rallying towards the session?s close and ending at Dh3.28.

 

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