Bloomberg News

Persian Gulf Stocks: Arabtec Holding and Agility of Kuwait

May 20, 2012

Dubai’s benchmark DFM General Index (DFMGI) fell 0.6 percent to 1,466.56, the second drop in three days, at the 2 p.m. close in the emirate. Kuwait’s gauge declined 0.1 percent.

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

Agility (AGLTY) rose the most since April 30, gaining 1.3 percent to 405 fils. The Kuwaiti storage and logistics company said it was pleased with a U.S. Department of Justice decision to seek voluntary dismissal of an indictment against the company’s affiliate Agility DGS Logistics Services Co.

Arabtec Holding Co. (ARTC) decreased 2.1 percent, the biggest retreat in a week, to 2.86 dirhams. The company won’t be delisted and converted into a private company after Abu Dhabi’s Aabar Investments PJSC increased its stake in the construction firm, Alrroya reported, citing people it didn’t identify.

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


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