Shares of Drake & Scull sink 9.9 percent in early trading to 0.61 dirhams ($0.16).

The stock is down around 27 percent so far this week and 73 percent in the year to date, making it one of the worst performing stocks on the Dubai index. 

DSI has been lagging as a result of concerns about its financial position, business outlook and the outcome of a probe into "violations" by previous management. 

The company said on June 26 that there was no material information it was aware of impacting its shares and that operational progress on current projects was on track. It also said it was able to secure new projects across the region. 

In late May, AlphaMena analysts said they could not see a sustainable recovery as the contractor was still facing liquidity issues and needed to improve its business efficiency.

The Dubai index .DFM is down 0.2 percent. ($1 = 3.7503 riyals)

($1 = 3.6726 UAE dirham)

(Reporting by Tom Arnold) ((tom.arnold@thomsonreuters.com))