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Persian Gulf Stocks: Dubai Investments, Dubai Islamic Bank

March 21 (Bloomberg) -- The DFM General Index rose 0.7 percent, the biggest increase since March 13, to 1,655.50 at the 2 p.m. close in Dubai. Abu Dhabi’s ADX General Index gained 0.3 percent.

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

Dubai Investments PJSC (DIC UH) advanced the most in more than a week, surging 5.1 percent to 92 fils. The owner of stakes in more than 40 companies said its board recommended a cash dividend of 5 fils a share for last year.

Dubai Islamic Bank PJSC (DIB UH) gained for the second time this week, rising 1.4 percent to 2.22 dirhams. The United Arab Emirates’ biggest bank complying with Shariah rules raised the dividend payment for last year to 12.5 fils a share after cutting it earlier to comply with central bank’s directions.

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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