Bloomberg News

Persian Gulf Stocks: Al-Khodari and Arabtec Holding Were Active

June 12, 2012

Dubai’s benchmark DFM General Index (DFMGI) fell 1 percent, the most since June 3, to 1,468.82 at the 2 p.m. close in the emirate. Qatar’s QE Index (DSM) retreated 0.4 percent.

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

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) decreased 1.5 percent, the most since June 6, to 33 riyals. The Saudi Arabian contracting company signed agreements with two banks for a combined 1.64 billion riyals ($437 million) of Islamic financing.

Arabtec Holding PJSC (ARTC) , the United Arab Emirates’ biggest construction company, dropped 1.1 percent, the most since June 4, to 2.84 dirhams. Abu Dhabi Airports Co. yesterday postponed a contract-award ceremony for the construction of a terminal building to a group that includes Arabtec, TAV Insaat and Consolidated Contractors Co., Construction Week reported.

There is no change to the planned contract, a spokeswoman for ADAC who didn’t wish to be identified citing company policy, said by phone.

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


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus