Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,387.60 +52.30 0.34%
S&P 500 1,669.16 +2.87 0.17%
Nasdaq 3,502.12 +5.69 0.16%
Ticker Volume Price Price Delta
STOXX 50 2,810.27 -11.38 -0.40%
FTSE 100 6,787.75 -16.12 -0.24%
DAX 8,442.64 -29.56 -0.35%
Ticker Volume Price Price Delta
Nikkei 15,627.30 +246.24 1.60%
Hang Seng 23,261.10 -105.29 -0.45%
S&P/ASX 200 5,165.37 -14.69 -0.28%

Sorouh Poised for Biggest Gain in Two Months After Profit Rises

Sorouh Real Estate (SOROUH) PJSC headed for the biggest advance in almost two months after Abu Dhabi’s second-biggest property developer by market value said second- quarter profit climbed 34 percent as costs dropped.

The shares gained 3.9 percent, set for the largest rally since June 5, to 1.07 dirhams at 12:34 p.m. in Abu Dhabi.

Net income rose to 148.2 million dirhams ($40 million) from 110 million dirhams a year earlier. The median estimate of three analysts was for a profit of 52 million dirhams, according to data compiled by Bloomberg.

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

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link