- Gulf Investment Fund said Tuesday net assets fell 3.5% in the third quarter amid a slump in oil prices.

The company declared a dividend of 2c a share.

'During the six-month period, GCC markets were influenced by two main negative trends: a decline of 32% in the oil price and a significant fall in global markets during November and December,' chief executive Nick Wilson said.

'On the positive side, easing of foreign corporate ownership limits in Qatar and reclassification to the Emerging Market Index in Saudi Arabia were steadying factors.'

At market close: [LON:GIF] Gulf Investment Fund Plc Ord Usd0.01 share price was -0.01p at 1.14p

Story provided by