Persian Gulf Stocks: Agthia Group and Zain of Kuwait Were Active

The DFM General Index (DFMGI) fell to the lowest in almost three months, dropping 0.5 percent to 1,555.89 at the 2 p.m. close in Dubai. Abu Dhabi’s ADX General Index (ADSMI) decreased less than 0.1 percent.

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

Agthia Group PJSC (AGTHIA) fell to the lowest in more than a month, losing 1.5 percent to 2 dirhams. The United Arab Emirates-based food producer was cut to neutral from overweight at HSBC Holdings Plc (HSBA) with a price estimate of 2.28 dirhams.

Mobile Telecommunications Co. (ZAIN) advanced the most in more than a week, rising 1.4 percent to 740 fils. Kuwait’s largest mobile-phone operator known as Zain said first-quarter profit rose 2 percent to 71 million dinars ($255 million).

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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