Bloomberg the Company & Products

Bloomberg Anywhere Login


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Persian Gulf Stocks: Mashreqbank of U.A.E., Union Properties

Don't Miss Out —
Follow us on:

Feb. 2 (Bloomberg) -- Dubai’s benchmark DFM General Index declined 1.2 percent, the most since Dec. 21, to 1,435.96 at the 2 p.m. close in the emirate, trimming this week’s gain to 2.1 percent.

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

Mashreqbank PSC (MASQ UH) dropped 9.9 percent, the most in more than a year, to 91.45 dirhams. The United Arab Emirates bank controlled by the Al Ghurair family had a 59 percent slump in fourth-quarter profit to 63.6 million dirhams ($17 million), according to Bloomberg calculations based on full-year data.

Union Properties PJSC (UPP UH) tumbled 9.8 percent, the most since January 2010, to 28.4 fils. The Dubai-based real-estate developer said the full-year net loss widened to 1.57 billion dirhams) from 1.53 billion dirhams a year earlier.

To contact the reporter on this story: Alaa Shahine in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.