Persian Gulf Stocks: Global, Masraf Al Rayan, Wataniya Telecom - Bloomberg

Dubai’s DFM General Index (DFMGI) rose the most this month, gaining 0.5 percent at the 2 p.m. close in the emirate. Qatar’s QE Index (DSM) advanced 0.6 percent. Abu Dhabi’s ADX General Index (ADSMI) was little changed.

Global Investment House KSCC (GLOBAL) dropped 6 percent, the most in a month, to 39.5 fils. National Bank of Umm Al Qaiwain (NBQ) said a Dubai court will look into its appeal in a dispute with the Kuwait-based investment bank. National Bank shares didn’t trade today.

Masraf Al Rayan (MARK) rallied to the highest in more than five years, gaining 0.9 percent to 24.98 riyals. Qatar’s second-largest Shariah-compliant lender had the outlook on its A3 long-term issuer rating changed to positive from stable at Moody’s Investors Service.

* username: rupertbu