Persian Gulf Equity Movers: Dubai Investments, Almarai, NMTC

Dubai’s DFM General Index drops 3.7% to 2,396.79 at close in Dubai, lowest close since July 11, as 23 shrs fall and 8 are unchanged; Abu Dhabi’s ADX -2.3%, Kuwait’s SE Index -2.6%, Qatar’s QE Index -1.9%; Saudi Tadawul All Share Index -2.2%.

ADVANCERS: * National Mobile Telecommunication (NMTC KK) +1%, most since July 24, biggest gainer on Kuwait index by pts.

DECLINERS: * Dubai Investments (DIC UH) -5.3%, lowest since July 11 * Dubai Islamic Bank (DIB UH) -4.9% to lowest since June 30 * Almarai Co. (ALMARAI AB) -3.3% to lowest since July 29; co. plans to sell perpetual Islamic bonds

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To contact the editor responsible for this story: Claudia Maedler at

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