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Persian Gulf Stocks: Al-Mal Investment and Herfy Food Services

Dubai’s DFM General Index rose 0.2 percent and Abu Dhabi’s ADX General Index added 0.3 percent. Qatar’s QE Index was little changed. Saudi Arabia’s Tadawul All Share Index retreated 0.5 percent.

The following stocks rose or fell in the Persian Gulf region. Symbols are in parentheses.

Al-Mal Investment Co. (ALMAL KK) gained the most in almost two months, advancing 2.9 percent to 71 fils. The Kuwaiti investment company received approval from the central bank to extend a 10 percent share buyback by six months.

Herfy Food Services Co. (HERFY AB) gained as much as 4.9 percent to 91 riyals, the highest level on record, before closing 0.6 percent higher. The Saudi Arabian fast-food chain received regulatory approval to raise capital by offering one new share for every nine held.

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