Bloomberg News

Persian Gulf Stocks: Ithmaar Bank of Bahrain, Tabreed of U.A.E.

May 17, 2012

Dubai’s benchmark DFM General Index (DFMGI) gained the most since April 24, advancing 0.7 percent to 1,475.58 at the 2 p.m. close in the emirate. The measure declined 2.6 percent this week. Bahrain’s BB All Share Index fell 0.4 percent.

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

Ithmaar Bank BSC (ITHMR) plunged 14 percent, the most since Bloomberg started tracking the shares in 2006, to 19 cents after the Bahrain-based investment bank was removed from the MSCI Small Cap Indices, according to a document obtained by Bloomberg News.

National Central Cooling Co. (TABREED) rose 3.4 percent, the most since May 7, to 1.23 dirhams. The United Arab Emirates’ utility known as Tabreed said it completed the expansion of its district cooling plant in Al Ain.

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