Bloomberg News

Aldar and Kuwait Finance House: Persian Gulf Equity Preview

September 28, 2011

Sept. 29 (Bloomberg) -- The following companies may be active in Persian Gulf stock markets. Symbols are in parentheses and prices are from last close.

Abu Dhabi’s ADX General Index fell for a third day this week, losing 0.4 percent. Dubai’s DFM General Index dropped 0.7 percent. Saudi Arabia’s market is closed for the weekend.

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Aldar Properties PJSC (ALDAR UH): Abu Dhabi’s biggest real- estate company will focus on completing projects and handing over units to owners in 2012, Chief Executive Officer Sami Asad said. The shares were unchanged at 1.18 dirhams.

Kuwait Finance House (KFIN KK): The Kuwait-based financial services company obtained approval for a six-month extension on a 10 percent share buyback. The shares were unchanged at 910 fils.

--Editors: Claudia Maedler, Shaji Mathew

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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