Persian Gulf Stocks: Drake & Scull of U.A.E., Combined Group

Dubai’s DFM General Index (DFMGI) advanced 0.7 percent, the most since Dec. 4, to 1,393.97 at 12:08 p.m. in the emirate. Kuwait’s benchmark index fell 0.3 percent.

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

Combined Group Contracting Co. (CGC)(CGC KK) climbed 2.8 percent to 1,460 fils, the highest intraday level since Nov. 15. The Kuwaiti construction company said it won a 4.4 million dinar ($16 million) contract in the United Arab Emirates.

Drake & Scull International PJSC (DSI) headed for the highest close since Sept. 22, advancing 1.3 percent to 84.1 fils. The Dubai-based construction company said its unit in Saudi Arabia won a contract valued at 130 million riyals ($35 million.)

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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