The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Dubai’s DFM General Index (DFMGI) rose 0.6 percent to 1,529.4 at the 2 p.m. close in the emirate, the highest level since Feb. 20. Kuwait’s measure decreased 0.6 percent, while Oman’s MSM 30 Index increased 0.1 percent. Saudi Arabia’s market is closed for the weekend.
Deyaar Development (DEYAAR) PJSC: The property company part-owned by Dubai Islamic Bank PJSC reported a loss of 2.3 billion dirhams ($626 million) in 2010. The shares retreated 0.5 percent to 22 fils.
DP World Ltd. (DPW) : The Dubai government-controlled ports operator may consider selling more shares to the public if valuations and liquidity improves, Chief Financial Officer Yuvraj Narayan said. The shares slipped 0.3 percent to 60 cents.
Kuwait Finance House (KFIN) : The country’s largest Islamic bank is assigned to manage 250 million dinars ($903 million) of a property portfolio set up by Kuwait Investment Authority. The shares were unchanged at 1,080 fils.
To contact the reporter on this story: Zahra Hankir in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com