Breaking News

Tweet TWEET

Persian Gulf Stocks: Dubai Investments, Dubai Islamic Bank

The DFM General Index (DFMGI) rose 0.7 percent, the biggest increase since March 13, to 1,655.50 at the 2 p.m. close in Dubai. Abu Dhabi’s ADX General Index (ADSMI) gained 0.3 percent.

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 zhankir@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.