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Quick take: Contract win sends Barakah shares up 18%


KUALA LUMPUR: Shares of Barakah Offshore Petroleum Bhd surged 18% in early trade Thursday  on the heels of its new five-year service contract from Petrofac (Malaysia-PM304) Ltd.


One of the most active counters, the oil and gas services company jumped 18.18%, or one sen to 6.5 sen with 9.62 million shares traded. Its shares have fallen some 76% in the past one year.


Stock on the Move , Barakah , Petrofac

   

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