Deyaar Development (DEYAAR) PJSC gained the most in almost three months after the property developer reported a nine-month profit after making a loss a year ago.
The shares surged 5.1 percent, the most intraday gain since Aug. 11, to 24.6 fils at 10:56 a.m. in Dubai. The benchmark DFM General Index was little changed. There are 100 fils to the dirham.
Deyaar said it made a nine-month net income of 45 million dirhams ($12.3 million) after a loss of 489 million dirhams in the same period a year earlier, according to a statement to the Dubai bourse after the market closed yesterday.
To contact the reporter on this story: Alaa Shahine in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Inal Ersan at email@example.com