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Bloomberg
Aramex PJSC advanced for an 11th day as stock markets across the Gulf languished amid lower-than-normal trading volumes. The Dubai-based logistics company extended its longest rising streak since it began trading more than a decade ago, climbing 2.8 percent as of 11:43 am. local time to the highest level since 2006. Every major equity index across the six-nation Gulf Cooperation Council declined as the number of shares exchanged for most gauges lingered below their 20-day averages. Aramex’s founder, Fadi Ghandour, sold his holdings in Levant Logistics, which owns 9.9 percent of the logistics company, to Boson Ventures.