Breaking News

Shots Fired at Canada War Memorial, Soldier Down

Persian Gulf Stocks: Ahli United Bank, First Gulf Bank

Dubai’s DFM General Index (DFMGI) declined 0.4 percent to 1,547.86 at the 2 p.m. close in the emirate, taking the weekly drop to 0.6 percent. Abu Dhabi’s ADX General Index (ADSMI) advanced 0.4 percent, while Bahrain’s gauge rose 0.1 percent. Saudi Arabia was closed for the weekend.

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

Ahli United Bank BSC (AUB BI) gained as much as 1.4 percent to 73 cents before trimming gains to close at 72.5 cents. The Bahrain-based lender said second-quarter profit rose to $84.4 million from $70.2 million a year earlier.

First Gulf Bank PJSC (FGB) advanced as much as 1.1 percent to 17.95 dirhams before paring gains to close at 17.8 dirhams. The United Arab Emirates lender controlled by Abu Dhabi’s ruling family said second-quarter profit rose 13 percent to 890 million dirhams ($242 million).

To contact the reporter on this story: Alaa Shahine in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.