Persian Gulf Stocks: Dubai Investments and Raysut Cement in Oman
The DFM General Index (DFMGI) advanced 0.4 percent to 1,678.74 at the 2 p.m. close in Dubai, trimming the drop for the week to 0.5 percent. Abu Dhabi’s ADX General Index (ADSMI) fell 0.4 percent. Saudi Arabia’s stock market was closed for the weekend.
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Dubai Investments PJSC (DIC) gained 1.1 percent, snapping a four-day drop, to 89 fils. The company whose portfolio compromises more than 40 companies said Al Arif Contracting Co., a unit of its private equity arm Masharie, won building contracts valued at 177 million dirhams ($48 million) in Dubai.
Raysut Cement Co. (RCCI) surged 4.5 percent, the biggest increase since March 21, to 1.043 rial. The biggest Omani maker of the building material by market value said its board decided to take a 64 million-rial ($166 million) loan to refinance debt.
To contact the reporter on this story: Zahra Hankir in Dubai at firstname.lastname@example.org