Persian Gulf Equity Movers: Emaar, Aviation Lease, Tabreed
Dubai’s DFM General Index declines 0.2% to 1,958.99 at 11:17am in the emirate as 12 stocks drop, 12 gain and 7 are unchanged; Abu Dhabi ADX General Index +0.6%; Qatar QE Index +0.1%
ADVANCERS: * Aviation Lease (ALAFCO KK) +1.5%; hires Deutsche Bank to study foreign listing * Tabreed (TABREED UH) +5.2%, climbs most since March 10 and biggest gainer in Dubai’s benchmark * Dubai Investments (DIC UH) +4.9%, surges to highest since Dec. 2009 and strongest advance by index points in Dubai’s gauge.
DECLINERS: * Emaar (EMAAR UH) -1.1%; shareholders approve board’s recommendation of 10 fils/shr dvd
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