Persian Gulf Stocks: Agility, Emirates NBD, Tabuk Agricultural

The DFM General Index (DFMGI) retreated to the lowest since Oct. 5, dropping 0.1 percent to 1,387.9 at the 2 p.m. close in the emirate. Saudi Arabia’s Tadawul All Share Index (SASEIDX) fell 0.3 percent.

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

Agility (AGLTY) dropped the most this month, losing 3.9 percent to 370 fils. The Kuwaiti storage and logistics provider said a report that the company won a contract valued at as much as $700 million isn’t true.

Emirates NBD PJSC (EMIRATES) declined to the lowest level since April 20, losing 1.6 percent to 3.74 dirhams. Dubai’s ruler ordered the United Arab Emirates’ biggest bank by assets to take over unprofitable Dubai Bank PJSC.

Tabuk Agricultural Development Co. (TAACO AB) rallied to the highest in more than a week, surging 4.1 percent to 28 riyals. The exporter of fruits and vegetables said third-quarter profit soared to 18 million riyals ($4.8 million) from 1.2 million the year earlier.

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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