Persian Gulf Stocks: Taqa, Aldar Properties, Sorouh Real Estate
Stock Chart for Aldar Properties PJSC (ALDAR)
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Abu Dhabi National Energy Co. (TAQA) surged the most since October 2010, advancing 4.8 percent to 1.32 dirhams. The utility known as Taqa said its board recommended a dividend for 2011 of 10 fils a share. The company paid the same amount in 2010, according to data compiled by Bloomberg.
Aldar Properties PJSC (ALDAR) , Abu Dhabi’s biggest real- estate company, rallied 6.6 percent to 1.45 dirhams, the highest since May 15. Standard & Poor’s said its ratings and outlook on Aldar are unaffected following its announcement that it’s in merger talks with Sorouh Real Estate PJSC (SOROUH) . Sorouh gained 5.8 percent to 1.45 dirhams.
To contact the reporter on this story: Zahra Hankir in Dubai at email@example.com
To contact the editor responsible for this story: Claudia Maedler at firstname.lastname@example.org
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.