Persian Gulf Stocks: Taqa, Aldar Properties, Sorouh Real Estate

Abu Dhabi’s ADX General Index (ADSMI) advanced for a fifth day, gaining 0.3 percent to 2,630.11 at the 2 p.m. close in the emirate. The DFM General Index (DFMGI) rose 0.5 percent.

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 zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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