Bloomberg News

Persian Gulf Stocks: Aamal of Qatar, Agility, Gulf Navigation

April 01, 2012

Dubai’s DFM General Index (DFMGI) advanced 0.8 percent to 1,661.67 at the 2 p.m. close in the emirate. Qatar’s QE Index gained 0.6 percent. Kuwait’s measure was little changed.

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

Aamal Co. (AHCS) tumbled 7.7 percent, the most since August 2009, to 17.59 riyals. The Qatari holding company reported a 7 percent decline in 2011 profit to 492.15 million riyals ($135.2 million.)

Agility Public Warehousing Co. (AGLTY) gained 1.3 percent, the most since March 19, to 405 fils. The Kuwaiti storage and logistics company said it made a profit of 3.45 fils a share in the fourth quarter of 2011, compared with a loss of 24.5 fils in the same period a year earlier.

Gulf Navigation Holding (GULFNAV) PJSC rose 2.3 percent to 36.4 fils, the highest level since March 26. The Dubai-based oil-tanker owner said losses in 2011 narrowed to 73 million dirhams as expenses related to asset sales declined.

Sultan Center Food Products (SULTAN) plunged 8.3 percent, the most since October 2008, to 110 fils. The company that builds and operates restaurants and markets said 2011 loss widened to 38 million dinars from 34.4 million dinars.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

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


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