Persian Gulf Stocks: Emaar Properties and Saudi Basic Industries
Dubai’s DFM General Index (DFMGI) advanced the most in almost a month, rallying 1.8 percent to 1,367.37 at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index (SASEIDX) gained 0.3 percent and Saudi Arabia’s Tadawul All Share Index rose 1.2 percent.
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Emaar Properties PJSC (EMAAR) climbed 4.4 percent, the most since Oct. 30, to 2.6 dirhams. Goldman Sachs Group Inc. added the developer of the world’s tallest tower to its “Pan- Europe Buy List.”
Saudi Basic Industries Corp. (SABIC) , the world’s largest petrochemicals maker, surged 3.6 percent, the most since March 20, to 93 riyals. Industries Qatar QSC (IQCD) , the Middle East’s second-biggest petrochemicals company, rose the most in almost a week, gaining 1 percent to 132 riyals. Crude for January delivery climbed as much as 4.1 percent to $100.74 a barrel on the New York Mercantile Exchange.
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