Persian Gulf Stocks: Dubai Investments, Dubai Islamic Bank
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Dubai Investments PJSC (DIC) advanced the most in more than a week, surging 5.1 percent to 92 fils. The owner of stakes in more than 40 companies said its board recommended a cash dividend of 5 fils a share for last year.
Dubai Islamic Bank PJSC (DIB) gained for the second time this week, rising 1.4 percent to 2.22 dirhams. The United Arab Emirates’ biggest bank complying with Shariah rules raised the dividend payment for last year to 12.5 fils a share after cutting it earlier to comply with central bank’s directions.
To contact the reporter on this story: Zahra Hankir in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com