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DSI drops to 2-wk low, shrugs off AED180m contract

DSI drops to 2-wk low, shrugs off AED180m contract
Drake & Scull
DSI
-2.63% 0.37 -0.01

Dubai-Mubasher: The stock of Drake & Scull International (DSI) has slumped shortly before session close on Sunday to touch its lowest level in two week.

The stock fell 1.7% to reach AED 0.865, after 2.9 million shares were exchanged in 66 transactions worth AED 2.56 million.

The stock failed to get momentum from DSI’s announcement of inking a AED 180 million contract to execute a residential project in Jumairah Village in Dubai.

Photo Credit – Arabianeye-Reuters