Gulf Stocks: Commercial Bank of Dubai, National Central Cooling

Abu Dhabi’s ADX General Index gained less than 0.1 percent to 2,710.61 at the 2 p.m. close in the emirate. The DFM General Index dropped 0.3 percent and Qatar’s QE Index increased 0.4 percent.

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

Commercial Bank of Dubai PSC (CBD UH) rose to the highest since Jan. 26, gaining 3.2 percent to 3.2 dirhams. The lender teamed up with Deyaar Development PJSC, Tamweel PJSC and Noor Islamic Bank to offer mortgage options. Deyaar shares were unchanged.

National Central Cooling Co. (TABREED UH) surged the most since Nov. 1, rising 6.5 percent to 1.47 dirhams. The United Arab Emirates-based utility company known as Tabreed posted a full-year profit of 136.8 million dirhams ($37.2 million) and creditors agreed on terms to refinance debt.

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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