Persian Gulf Stocks: Agility, Kuwait & Gulf Link Transport

Kuwait’s benchmark index dropped 0.5 percent, the most since March 23, to 6,294.50 at the 12:30 p.m. close in Kuwait City. Oman’s MSM30 Index (MSM30) lost 1.8 percent, the most since March 7. Abu Dhabi’s gauge retreated less than 0.1 percent.

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

Agility (AGLTY) fell 5 percent, the most in two weeks, to 380 fils, after a federal judge said the Kuwaiti storage and transport company accused of overbilling the U.S. military was properly notified by prosecutors of the charges, reversing a previous ruling.

Kuwait & Gulf Link Transport Co. (KGL) tumbled 6 percent, the most since March 2, to 126 fils. The cargo shipper reported a full-year loss of 4.4 million dinars ($16 million) after a profit of 605,617 dinars a year earlier.

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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