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Persian Gulf Stocks: Aldar, Ezdan, Sorouh and Raysut Cement

Abu Dhabi’s ADX General Index (ADSMI) rose for the fourth time in five days, gaining 0.2 percent to 2,512.17 at the 2 p.m. close in the emirate. The DFM General Index (DFMGI) fell 0.8 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.

Aldar Properties PJSC (ALDAR) advanced the most in more than six weeks, gaining 4.4 percent to 1.18 dirhams. The Abu Dhabi developer bailed out by the government last year said first-quarter profit more than doubled to 478.2 million dirhams ($130 million).

Ezdan Real Estate Co. (ERES) increased the most since March 22, rising 2.1 percent to 19.4 riyals. The biggest Middle East developer by market value said profit more than tripled to 144 million riyals ($40 million) as it gained from the sale of property.

Sorouh Real Estate PJSC (SOROUH) rose to the highest in two weeks, climbing 1.8 percent to 1.15 dirhams. Abu Dhabi’s second-biggest property developer by market value said first- quarter profit climbed 30 percent as sales increased.

Raysut Cement Co. (RCCI) surged the most since 2009, rallying 7.1 percent to 1.122 rials. The largest Omani maker of the building material by market value said first-quarter profit climbed 37 percent as sales rose.

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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