Dubai’s DFM General Index advanced the most in a month, climbing 2.7 percent to 1,389.04 at the 2 p.m. close in the emirate. The ADX General Index increased 1.1 percent.
The following stocks rose or fell in the Gulf. Symbols are in parentheses.
Agility (AGLTY KK) gained the most since Dec. 8, increasing 3.1 percent to 335 fils. Al Mal Capital PSC initiated the Middle East’s biggest storage and logistics company with an “outperform” recommendation and 450 fils share-price estimate.
Commercial Facilities Co. (FACIL KK) jumped the most since Jan. 31, rising 1.4 percent to 375 fils. The Kuwaiti consumer finance company said 2010 net income rose to 17.1 million dinars ($62 million) from 14.3 million dinars in 2009.
National Bank of Kuwait SAK (NBK KK) dropped for a third day in four, retreating 1.5 percent to 1,320 fils. Moody’s Investors Service placed the standalone bank financial strength and Aa2 long-term global local currency and foreign currency deposit ratings of the country’s biggest lender on review for possible downgrade.