Persian Gulf Stocks: Eshraq Properties, Saudi Arabian Mining

Dubai’s DFM General Index (DFMGI) 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 (ADSMI) 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) (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) 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.

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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