RIYADH - Shares in Dubai-listed builder Drake & Scull jump 7.2 pct to 0.505 dirham in early trade, market's most heavily traded stock; rebounds from record low, after plunging 79 percent this year. 

Yousef Al Mulla appointed chief executive of group; he replaces Fadi Feghali, who took post in April. 

Company says it's "devising a fresh restructuring plan that will carry forward the legacy of the ongoing restructuring and recapitalisation drive and ensures the continuity of the Company and its ability to grow and win new business."

DSI reported second-quarter net loss of 181.1 million dirhams ($49.3 million) versus year-earlier loss of 182.7 million dirhams; however, quarterly contract revenue shrank 47 percent

Dubai stock index rises 0.7 percent

(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))