Gulf Stocks: National Investments, Oman Cable Industry, Zain

Kuwait’s benchmark SE Price Index fell the most since March 30, dropping 0.7 percent to 6,343.4 at 10:22 a.m. in Kuwait. Dubai’s gauge rose 1 percent and Abu Dhabi’s measure gained 0.4 percent. Oman’s MSM30 Index fell less than 0.1 percent.

The following shares rose or fell in the Persian Gulf region. Symbols are in parentheses.

National Investments Co. (NINV KK) tumbled 6.8 percent, the most since March 20, to 275 fils. Nasser al-Kharafi, chairman of Kharafi Group which controls the investment company, died of a heart attack in Cairo.

Mobile Telecommunications Co. (ZAIN KK) fell 3 percent to 1,160 fils. Kharafi Group is the second-largest shareholder of the Kuwaiti cellular phone operator known as Zain.

Oman Cable Industry (OCAI OM) tumbled the most since Feb. 28, falling 8.2 percent to 1.049 rials. The company said its first-quarter profit dropped to 1.05 million rials from 1.73 million rials in the same period 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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