Persian Gulf Stocks: Aldar, Aluminium Bahrain, Tabreed

Dubai’s DFM General Index (DFMGI) gained a second day, rising 0.4 percent to 1,390.07 at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index (ADSMI) was little changed. Markets in Saudi Arabia, Kuwait and Oman are closed today for a Muslim holiday.

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

Aldar Properties PJSC (ALDAR) rose the most this month, gaining 1.9 percent to 1.05 dirhams. The Abu Dhabi developer reported a third-quarter profit of 144 million dirhams ($39 million) compared with a year-earlier loss of 731.2 million dirhams. That beat 46.5 million dirhams, the average of three analyst estimates compiled by Bloomberg.

Aluminium Bahrain BSC (ALBH) jumped to the highest in almost a month, surging 2.9 percent to 0.535 dinar. A racketeering lawsuit filed by the Bahrain state-owned aluminum producer against Alcoa Inc. (AA), the largest U.S. aluminum producer, was reopened by a U.S. judge.

National Central Cooling Co. (TABREED UH) rallied to the highest in more than a month, advancing 1.5 percent to 66.8 fils. The United Arab Emirates utility known as Tabreed said third-quarter profit rose 55 percent to 54.1 million dirhams as the company delivered projects and cut costs. --Editors: Shanthy Nambiar, Peter Branton

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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