Gulf Stocks: Barwa Real Estate and Commercial Bank of Dubai
The following stocks rose or fell in the Persian Gulf region. Symbols are in parentheses.
Barwa Real Estate Co. (BRES) advanced to the highest this month, rising 0.7 percent to 29.5 riyals. The Qatari property developer said its board decided to appoint Abdulla bin Abdulaziz Turki Al-Subai’i as group chief executive officer.
Commercial Bank of Dubai PSC (CBD) dropped the most in a month, falling 3.2 percent to 3 dirhams. The lender 20 percent- owned by Dubai’s government set terms on a $400 million loan, according to a person familiar with the plan.
To contact the reporter on this story: Zahra Hankir in Dubai at email@example.com
To contact the editor responsible for this story: Claudia Maedler at firstname.lastname@example.org