Persian Gulf Stocks: Al Tayyar Travel, Aldar, Saudi Real Estate

Dubai’s benchmark DFM General Index (DFMGI) fell 0.3 percent to 1,437.03, the lowest since Feb. 2, at the close in the emirate. Saudi Arabia’s Tadawul All Share Index (SASEIDX) rose 0.3 percent after earlier retreating as much as 1.1 percent.

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

Al Tayyar Travel Group (ALTAYYAR) , the Saudi company that offers travel services and organizes vacation packages, gained 3.9 percent to 59.25 riyals in its trading debut on the Saudi exchange.

Aldar Properties PJSC (ALDAR) rose the most in almost two weeks, advancing 3 percent to 1.04 dirhams. MEED reported the Abu Dhabi developer invited bids by June 17 for a contract to build 600 villas for United Arab Emirates’ nationals on Yas Island.

Saudi Real Estate Co. (ALARKAN) gained the most in a month, climbing 1.2 percent to 26 riyals. The board of the Saudi real estate developer approved contributing 16.7 million riyals ($4.45 million) to a capital increase of its unit Al Muaqeliya Commercial Center.

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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