Persian Gulf Stocks: Arabtec Holding, Agility and Dana Gas
The DFM General Index (DFMGI) rallied 1.8 percent, the most since April 3, to 1,670.05 at the 2 p.m. close in Dubai. Abu Dhabi’s ADX General Index (ADSMI) rose 0.2 percent.
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Arabtec Holding (ARTC) Co surged 6.2 percent, the most since April 3, to 3.61 dirhams. The United Arab Emirates’ biggest construction company said one of its units won contracts valued at 504 million dirhams ($137 million) in the U.A.E. and Qatar.
Agility (AGLTY) rose the most in two months, rallying 4.9 percent to 425 fils. The Kuwaiti company charged with defrauding the U.S. government said it filed a claim seeking about $225 million from the Department of Defense for breaching contract terms.
Dana Gas PJSC (DANA) advanced the most since March 11, rising 2.2 percent to 47 fils. The company hired Blackstone Group LP (BX), the world’s largest private-equity firm, to advise on the $1 billion restructuring of Islamic bonds maturing in October, three people familiar with the matter said.
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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