Dubai – Mubasher: Arabtec Holding’s stock fell Sunday by 1.25% to AED 2.89, its lowest level in eight years or since February 2009.

By 12:15 pm UAE time, the stock also saw its lowest turnover in almost six years, or since October 2011, with AED 1.62 million, after 561,860 shares were traded on the Dubai Financial Market (DFM).

In the meantime, the DFM shed 24.33% points to 3,608.21 points.

In Mid-August, Arabtec announced that its wholly-owned subsidiary Target Engineering had been awarded two new projects.

Arabtec last reported turning to profitability in the second quarter of 2017 with AED 40.8 million versus losses in the year-ago period.