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Gulf Stocks: Abu Dhabi’s Aldar Properties and Oman’s Bank Sohar

Feb. 28 (Bloomberg) -- Dubai’s DFM General Index slumped 3.8 percent to the lowest since June 2004, bringing the loss for the month to 8.1 percent. Oman’s MSM30 Index tumbled 4.9 percent, the most since January 2009, and Saudi Arabia’s measure slipped 0.2 percent.

The following stocks rose or fell in the Gulf. Symbols are in parentheses.

Aldar Properties PJSC (ALDAR UH) slumped to the lowest on record, retreating 7.2 percent to 1.42 dirhams. Shareholders of Abu Dhabi’s biggest developer approved the sale of convertible bonds to Mubadala Development Co.

Bank Sohar (BKSB OM): The Omani lender tumbled the most in more than two years, plunging 8.6 percent to 0.159 rial. Hundreds of protesters, many unemployed Omanis, gathered for a sit-in for a second day in Sohar.

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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