Arkan Building Materials Company Pjsc traded at 1.03 this Friday March 27th. Looking back, over the last four weeks, Arkan Building Mat lost 7.21 percent. Over the last 12 months, its price fell by 9.65 percent. Looking ahead, we forecast Arkan Building Materials Company Pjsc to be priced at 1.01 by the end of this quarter and at 0.97 in one year, according to Trading Economics global macro models projections and analysts expectations.
Arkan Building Materials Company PJSC (Arkan) is a United Arab Emirates-based public joint stock company, whose principal activities include incorporation, operation, trade and investment in industrial projects and commercial companies, which are engaged in the building materials sector. The Company operates, along with its subsidiaries, in five business segments: the Cement factory segment includes the production and sale of cement; the Blocks Factories segment includes the production and distribution of blocks; the Poly-Vinyl Chloride (PVC) Pipes Factory segment includes the production and sale of PVC pipes; the Glass reinforced Polyester (GRP) Pipes Factory segment includes the production and sale of GRP pipes, and the Bags Factory segment produces and markets paper bags. As of December 31, 2011, the Company’s subsidiaries included wholly owned Emirates Blocks Factory, Emirates Cement Factory and Anabeeb Pipes Manufacturing Factories, and 70%-owned Arkan Mining and Transportation.