U.A.E. Stocks Gain as Aldar Talks to Government for Funding
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United Arab Emirates shares rose, led by real-estate companies, as Abu Dhabi’s Aldar Properties PJSC said it is in talks with the government for funding. Dubai’s index climbed the most this month, while Kuwait stocks fell.
Aldar, the capital’s biggest developer, climbed 3.2 percent, lifting the ADX General Index 0.2 percent to 2,755.3. Emaar Properties PJSC, builder of the world’s tallest skyscraper, led the gain in Dubai after shareholders approved a $500 million convertible notes issue. The DFM General Index advanced 1.3 percent, the most since Oct. 28, to 1,715.68 at the 2 p.m. close in the emirate. Kuwait’s index lost 1 percent.