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Gulf Stocks: Abu Dhabi Commercial Bank and Southern Province

June 19 (Bloomberg) -- Dubai’s DFM General Index slipped 0.1 percent to 1,598.79 at the 2 p.m. close in Dubai. Abu Dhabi’s ADX General Index gained 0.5 percent, while Saudi Arabia’s Tadawul All Share Index lost 0.9 percent.

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

Abu Dhabi Commercial Bank PJSC (ADCB UH) advanced 1.9 percent to 3.29 dirhams, the highest close since October 2008. The United Arab Emirates’ third-largest bank by assets said it will gain about 1 billion dirhams ($272 million) from the sale of its stake in RHB Capital Bhd.

Southern Province Cement Co. (SOCCO AB) gained as much as 2.8 percent before closing 0.7 percent higher at 72.75 riyals. Saudi Arabia’s biggest cement producer by market value said second-quarter profit will rise an estimated 28 percent to 237 million riyals ($63 million) from 185 million riyals a year-earlier.

To contact the reporter on this story: Zahraa Alkhalisi in Dubai at zalkhalisi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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