Persian Gulf Stocks: DFM, Qatar Insurance and Agthia Group

Dubai shares rallied the most since Oct. 30, soaring 2.4 percent to 1,396.04 at the 2 p.m. close in the emirate. Qatar’s QE Index (DSM) rose 0.4 percent.

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

Agthia Group PJSC (AGTHIA) slumped the most since Sept. 29, dropping 4.4 percent to 1.72 dirhams. The United Arab Emirates-based food producer said full-year profit dropped 25 percent to 86.3 million dirhams ($24 million).

Dubai Financial Market PJSC (DFM) , the only publicly traded Gulf Arab stock market, surged the most since March 2010, rallying 8.5 percent to 79.5 fils. Trading volumes on the benchmark DFM General Index (DFMGI) more than doubled to 230 million shares from a 12-month daily average.

Qatar Insurance Co. (QATI) gained the most since March 8, rising 3.6 percent to 81.3 riyals. The company that offers non-life insurance and reinsurance plans to pay a 4 riyals dividend and one bonus share for every five held.

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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