Bloomberg News

Persian Gulf Stocks: Agility, Emirates NBD, Tabuk Agricultural

October 11, 2011

Oct. 11 (Bloomberg) -- The DFM General Index retreated to the lowest since Oct. 5, dropping 0.1 percent to 1,387.9 at the 2 p.m. close in the emirate. Saudi Arabia’s Tadawul All Share Index fell 0.3 percent.

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

Agility (AGLTY KK) dropped the most this month, losing 3.9 percent to 370 fils. The Kuwaiti storage and logistics provider said a report that the company won a contract valued at as much as $700 million isn’t true.

Emirates NBD PJSC (EMIRATES UH) declined to the lowest level since April 20, losing 1.6 percent to 3.74 dirhams. Dubai’s ruler ordered the United Arab Emirates’ biggest bank by assets to take over unprofitable Dubai Bank PJSC.

Tabuk Agricultural Development Co. (TAACO AB) rallied to the highest in more than a week, surging 4.1 percent to 28 riyals. The exporter of fruits and vegetables said third-quarter profit soared to 18 million riyals ($4.8 million) from 1.2 million the year earlier.

--Editors: Claudia Maedler, Shaji Mathew

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus