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Persian Gulf Stocks: Qatar Telecom, Renaissance Services

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June 6 (Bloomberg) -- Dubai’s benchmark DFM General Index gained for a second day, rising 0.4 percent to 1,455.96 at the 2 p.m. close in the emirate, the highest in almost a week. Qatar’s QE Index rose 0.2 percent.

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

Qatar Telecom QSC (QTEL QD) advanced as much as 0.9 percent to 113 riyals before closing at 112.5 riyals. The country’s biggest company by revenue doubled its stake in Iraqi mobile operator Asiacell by purchasing shares from MerchantBridge & Co. and an “Iraqi partner,” Chief Executive Officer Nasser Marafih said.

Renaissance Services SAOG (RNSS OM) gained the most in a week, rising 0.6 percent to 0.518 rial. The Oman-based provider of services to the oil and gas industry said it appointed Rene Kofod-Olsen as chief executive officer of its Topaz Energy & Marine Ltd. unit.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

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

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