Bloomberg News

Persian Gulf Stocks: Eshraq Properties, Saudi Arabian Mining

February 22, 2012

Feb. 22 (Bloomberg) -- Dubai’s DFM General Index gained 0.8 percent to 1,608.92, the highest level since May 4, at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index rose 0.3 percent, while Saudi Arabia’s Tadawul All Share Index climbed 0.9 percent.

The following shares were active in the Persian Gulf region. Stock symbols follow company names.

Eshraq Properties Co. (ESHRAQ UH) advanced 10 percent to 33 fils, the highest close since Nov. 13. The board of the Abu Dhabi-based real-estate developer approved a 2011 dividend of 6 fils a share.

Saudi Arabian Mining Co. (MAADEN AB) rose to the highest since it started trading in July 2008, gaining 1 percent to 30.60 riyals. The state-controlled company known as Maaden will ask shareholders to authorize the board to sell bonds locally and abroad.

--With assistance from Mourad Haroutunian in Riyadh. Editors: Shaji Mathew, Claudia Maedler

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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