Bloomberg News

Persian Gulf Equity: Aldar Properties of U.A.E., Doha Bank

October 20, 2011

Oct. 20 (Bloomberg) -- Dubai’s DFM General Index gained 0.2 percent to 1,366.34 at the 2:00 p.m. close in the emirate, trimming this week’s decline to 1.3 percent. Abu Dhabi’s measure fell less than 0.1 percent and Qatar’s benchmark QE Index retreated 0.2 percent.

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

Aldar Properties PJSC (ALDAR UH) advanced 2 percent, the most since Sept. 21, to 1.01 dirhams. The Abu Dhabi-based developer said on Oct. 17 that the board of directors will consider today appointing a replacement for Shafqat Ali Malik, who resigned this month.

Doha Bank QSC (DHBK QD) climbed 1.3 percent, the most since Oct. 12, to 62.50 riyals. Morgan Stanley said in a report today that the Qatari lender is among its favorite stocks in the country.

--Editors: Claudia Maedler, Shaji Mathew

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

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


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