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Persian Gulf Stocks: Nawras of Oman, Union National Bank Move

Oct. 27 (Bloomberg) -- Dubai’s DFM General Index advanced 1.9 percent, the most since July 3, to 1,379.95 at the 2 p.m. close in the emirate. The measure rose 1 percent this week. Abu Dhabi’s index measure climbed 0.7 percent and Oman’s MSM 30 Index added 0.3 percent.

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

Omani Qatari Telecommunications Co. SAOG (NWRS OM) surged 1.8 percent, the most since Aug. 29, to 0.629 rials. The company known as Nawras said third-quarter profit rose 8 percent after reducing provisions and adding fixed-line subscribers.

Union National Bank PJSC (UNB UH) gained 1.4 percent, the most since Oct. 11, to 2.99 dirhams. The bank said today third-quarter profit rose to 493.8 million dirhams ($134 million) from 459.6 million dirhams in the year ago period.

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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