ALEC
1.38 AED
+2.22%
Today
+2.99%
1D
Market is closed
Sun
Closed
Mon
9:00 AM ~ 1:45 PM
Tue
9:00 AM ~ 1:45 PM
Wed
9:00 AM ~ 1:45 PM
Thu
9:00 AM ~ 1:45 PM
Fri
9:00 AM ~ 1:45 PM
Sat
Closed
Information
Name
ALEC Holdings
Currency
AED
Standard Leverage
1X
Market Cap
6.50B
Avg Daily Volume
3.68M
52 Week High
1.85 AED
52 Week Low
1.28 AED
Trading Hours
See hours
Business Summary
ALEC Holdings PJSC operates as a construction company in the United Arab Emirates. It is involved in engineering and construction contracting related to building construction and infrastructure developments, earth and civil works, industrial process plants, mechanical, electrical, marine engineering, structural steelwork and process piping, shutdown and turnaround, and services in process plants and building maintenance. The company also engages in general contracting works for marine, onshore and offshore industrial, oil and gas, commercial projects, and scaffold installation works; investment and establishing, and managing industrial projects; modular fabrication and assembly; and software consultancy, developer, and service provider activities. It is involved in electromechanical works, projects contracting, and sub sewage networks and homes connection contracting; main water networks contracting works; renting and operational leasing of machine tools, engines and turbines, cranes, and lorries; scaffold and work platforms; renting of cranes with operators; steel fabrication works; and manufacture of carpentry products and crafts needed for construction workers. The company also engages in aluminum installation works; machining and forming of metals and glass plates installation works; corrosion and oxidation resistant services, fire resistant painting works, and removing corrosion of metals; metal prefabricated buildings manufacturing; alternative energy equipment installation and maintenance, and construction; central air conditioning requisites and ventilation equipment manufacturing; and measuring and control system installation, wired and wireless communication systems installation, security systems and equipment trading, radio, and T.V. station, as well as security equipment, cinema theatre equipment, and internal communication network installation and maintenance. The company was founded in 1999 and is based in Dubai, the United Arab Emirates.
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Frequently Asked Questions
What are industrial stocks in trading?
Industrial stocks represent companies involved in manufacturing, infrastructure, construction, and transportation.
Are industrial stocks a good long-term investment?
Yes, especially during economic expansions. They may offer consistent returns and dividends, though they can be sensitive to economic slowdowns and interest rate changes.
How do interest rates impact industrial stocks?
Rising interest rates can increase borrowing costs for industrial companies, which may reduce profit margins and capital spending, impacting stock performance.
What are examples of industrial sectors to watch?
Aerospace, defense, construction, machinery, and logistics are key sectors often tracked by investors looking for industrial exposure.
