Codiac Regional RCMP say they've arrested a man and are searching for another after a stabbing in Moncton Friday evening.

The incident happened on Highfield Street, where police said a 33-year-old man was stabbed around 7 p.m.

The victim is in hospital in stable condition with serious injuries.

The police made one arrest but they are trying to find a second man they believe was involved in the altercation. The police say both suspects were known to police and the victim.