Bloomberg News

Persian Gulf Stocks: Bahrain’s Alba and Dubai’s Drake & Scull

September 28, 2011

Sept. 28 (Bloomberg) -- The DFM General Index lost 0.7 percent to 1,438.41, the lowest since March 8, at the 2 p.m. close in Dubai. Saudi Arabia’s Tadawul All Share Index slipped 0.3 percent and the Kuwait Stock Exchange Unweighted Index declined 0.1 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.

Drake & Scull International PJSC (DSI UH) advanced the most in a week, rising 0.6 percent to 83.3 fils. The Dubai-based construction company expects its order backlog to reach 10 billion dirhams ($2.7 billion) by the end of this year, Chief Executive Officer Khaldoun Rachid Tabari said.

Aluminium Bahrain BSC (ALBH BI) tumbled a fifth day, slumping 9.7 percent to 0.605 dinar, the lowest on record. The metals maker known as Alba said Sept. 21 the price it pays for natural gas will rise by 50 percent to $2.25 per million British thermal units, according to a notice it received from state-run Bahrain Petroleum Co.

--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 -0- Sep/28/2011 09:11 GMT


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus