Persian Gulf Stocks: Etisalat in Abu Dhabi and Vodafone Qatar

Dubai’s benchmark DFM General Index (DFMGI) gained for a third day, rising 0.5 percent to 1,463.69 at the 2 p.m. close in the emirate. The index lost 0.5 percent this week. Qatar’s QE Index (DSM) declined 0.3 percent.

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

Emirates Telecommunications Corp. (ETISALAT) , the phone company known as Etisalat, advanced the most since May 14, increasing 0.3 percent to 8.82 dirhams. A law that governs Etisalat may be amended to allow foreigner investors to own shares, Emarat Alyoum said on its website, citing people it didn’t identify.

Vodafone Qatar (VFQS) climbed 1.4 percent, the most since May 23, to 9.24 riyals. The venture between Vodafone Group LLC and state-controlled Qatar Foundation may announce fourth- quarter results today.

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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