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23/08/2011
Shares in the firm rose 43p or 3.7 per cent to 1,211p in a buoyant day for markets.
Analysts added the firm's performance led the way for others in the sector. "The emergence of oil services companies in recent years has been due in no small way to sector darling Petrofac, which has set many investor portfolios alight with its truly stellar performance," said Richard Curr at Prime Markets.
Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily a guide to future performance. Trading in these markets is generally considered to be suitable only for the more experienced investor as it carries a high degree of risk. An investor may not receive back the amount of their original investment and in certain circumstances may be liable for a sum that is greater than their original investment. If in any doubt, please seek independent financial advice.