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Arabtec’s stock soars 5% early Tuesday

Arabtec’s stock soars 5% early Tuesday
By 10:20 UAE time, the stock jumped 5% to AED 1.67
Arabtec Holding
ARTC
-3.29% 0.53 -0.02

Dubai – Mubasher: Arabtec Holding’s stock, listed on the Dubai Financial Market (DFM), has seen an upward trend early Tuesday after the company announced commencing reviews of possible construction businesses combination with Trojan Holding.

By 10:20 UAE time, the stock jumped 5% to AED 1.67 and saw a trading volume of 5.56 million shares that were exchanged at a turnover of AED 9.21 million through 108 transactions.

On the other hand, the DFM’s general index inched down by 0.06% to 2,877.76 points.

Earlier this morning, Arabtec announced that it considers a possible combined businesses with Trojan Holding.