Persian Gulf Stocks: Masraf al Rayan and National Industries

Dubai’s benchmark DFM General Index (DFMGI) gained 0.9 percent, the most since May 21, to 1,449.8 at the 2 p.m. close in the emirate. Qatar’s QE Index fell 0.1 percent.

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

Masraf Al Rayan (MARK) advanced as much as 1.7 percent to 27.3 riyals before closing at 27 riyals, the highest since May 27. The lender said it’s in talks to acquire stakes in two Qatari companies operating in the oil and gas industry.

National Industries Group (NIND) jumped 1.9 percent, the most in two months, to 216 fils. Shareholders of the industrial investment company authorized the offering of bonds, sukuk or convertible bonds in Kuwait or other countries.

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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