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Persian Gulf Shares: Aldar, Arabtec Holding and Sorouh Moved

Dubai’s benchmark DFM General Index gained 0.6 percent to 1,496.56 at the 2 p.m. close in the emirate, the highest since May 10. Abu Dhabi’s ADX General Index climbed 0.1 percent.

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

Aldar Properties PJSC (ALDAR UH) and Sorouh Real Estate Co. (SOROUH UH) surged to the highest in two weeks, with Aldar rising 3.7 percent to 1.11 dirhams and Sorouh advancing 3.9 percent to 1.07 dirhams. Abu Dhabi’s biggest developers may appoint Credit Suisse Group AG and Morgan Stanley as advisers on their potential merger, a person familiar with the matter said.

Arabtec Holding Co. (ARTC UH) rose as much as 3.5 percent to 3 dirhams, before closing 0.7 percent higher at 2.92 dirhams. Aabar Investments PJSC, an Abu Dhabi state-owned company, boosted its stake in the construction company to 21.57 percent, Dubai bourse data show.

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