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DSI falls 1.6% ahead of meeting over restructure plan

DSI falls 1.6% ahead of meeting over restructure plan
(Photo Credit: Arabianeye-Reuters)
Drake & Scull
DSI
-2.63% 0.37 -0.01

Dubai – Mubasher: Drake & Scull International’s (DSI) stock fell 1.6% ahead of the shareholders’ meeting over the company’s restructure scheme.

The stock fell to AED 0.442 by 12:22 am UAE time, generating AED 9.04 million from the exchange 20.35 million shares.

DSI’s announcement of details regarding the company’s restructure plan, which is expected to be approved, will bring back investors’ confidence in the UAE market, financial analyst Mohamed Al Azmi told Mubasher.