Persian Gulf Stocks: Qatar National Bank and Jarir Marketing

Saudi Arabia’s Tadawul All Share Index (SASEIDX) increased 0.6 percent at 12:08 p.m. in Riyadh. The DFM General Index (DFMGI) rose 0.5 percent, snapping a five-day drop, while Abu Dhabi’s ADX General Index (ADSMI) lost 0.2 percent.

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

Jarir Marketing Co. (JARIR) rose to the highest intraday level in three months, climbing 2.9 percent to 178 riyals. Saudi Arabia’s largest stationery and bookseller by market value said third-quarter profit rose 48 percent to 152 million riyals ($40.5 million) on higher sales.

National Shipping Co. of Saudi Arabia (NSCSA AB) advanced for a second day this week, gaining 0.9 percent to 11.65 riyals. The Saudi operator of crude oil and chemical tankers said a unit received a tanker, the income from which will affect fourth- quarter earnings.

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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