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Persian Gulf Stocks: Mabanee, Saudi Industrial Investment Group

Aug. 1 (Bloomberg) -- Dubai’s DFM General Index advanced 0.6 percent to 1,526.34 at the 2 p.m. close in Dubai, the highest in two weeks. Saudi Arabia’s Tadawul All Share Index jumped 1.3 percent.

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

Mabanee Co. (MABANEE KK) increased 1.2 percent to 830 fils. The pre-cast building manufacturer said second-quarter profit rose to 5.8 million dinars ($21 million) from 5.1 million dinars.

Saudi Industrial Investment Group (SIIG AB) advanced to the highest in more than three weeks, climbing 2.7 percent to 22.75 riyals. The investor in petrochemicals projects set up a joint venture with Arabian Chevron Phillips Petrochemical Co.

To contact the reporter on this story: Zahra Hankir in Dubai at

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

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