Gulf Stock Movers: Al-Enma’a Real Estate and Kuwait Projects

20/09/2010 00:00 AST

The Dubai Financial Market General Index fell 0.2 percent to 1,679.01 at 10:34 a.m. in the emirate. Abu Dhabi’s gauge was little changed and the Kuwait SE Price Index gained 0.4 percent.

The following stocks rose or fell in the Gulf. Symbols are in parentheses.

Al-Enma’a Real Estate Co. (ERESCO KK) advanced the most in more than a month, rising 6.5 percent to 66 fils. The Kuwaiti property investment company won an 11.4 million-dinar ($40 million) government contract.

Kuwait Projects Co. (KPROJ KK) rose the most since Sept. 15, gaining 2.2 percent to 465 fils. The country’s biggest privately owned investment company said it may make a 20 million dinar profit from the sale of 39.2 percent of its stake in Gulf Insurance Co. to Fairfax Financial Holdings Ltd.


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