Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Persian Gulf Stocks: Aluminium Bahrain, Deyaar of U.A.E.

Nov. 3 (Bloomberg) -- Qatar’s QE Index climbed 0.6 percent to 8,631.11 at the 1 p.m. close in Doha, bringing the gain this week to 1.1 percent. Bahrain’s measure advanced 0.6 percent and Dubai’s gauge rose 0.5 percent. Saudi Arabia’s market is closed for the weekend.

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

Aluminium Bahrain BSC (ALBH BI) surged 6.1 percent, the most since Oct. 2, to 0.52 dinar. The metals maker known as Alba forecasts production levels in the fourth quarter will be similar to the previous and has no need to raise financing to fund a new production line, Chief Financial Officer Tim Murray said yesterday.

Deyaar Development PJSC (DEYAAR UH) gained 6.8 percent, the most since April 17, to 25 fils. The Dubai-based property developer reported nine-month net income of 45 million dirhams ($12.3 million) after a loss of 489 million dirhams a year ago.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.