Persian Gulf Stocks: Mabanee, Saudi Industrial Investment Group

Dubai’s DFM General Index (DFMGI) advanced 0.5 percent to 1,525.03, the highest intraday level in a week, at 12:17 p.m. in the emirate. Saudi Arabia’s Tadawul All Share Index (SASEIDX) jumped 0.8 percent.

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

Mabanee Co. (MABANEE KK) increased the most in a week, gaining 2.4 percent to 840 fils. The pre-cast building manufacturer said second-quarter profit rose to 5.8 million dinars ($21 million) from 5.1 million dinars.

Saudi Industrial Investment Group (SIIG) advanced to the highest intraday level in three weeks, climbing 1.6 percent to 22.5 riyals. The investor in petrochemicals projects set up a joint venture with Arabian Chevron Phillips Petrochemical Co.

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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