Bloomberg News

Persian Gulf Stocks: Industries Qatar and Rabigh Refining

July 22, 2012

Abu Dhabi’s ADX General Index (ADSMI) rose 0.2 percent to 2,471.76, the highest since July 10, at the close in the emirate. Dubai’s benchmark DFM General Index (DFMGI) lost 1.3 percent, while Qatar’s QE Index was little changed.

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

Industries Qatar QSC (IQCD) , the second-biggest petrochemicals maker in the Middle East, rose as much as 1.4 percent before closing 0.4 percent higher at 133.6 riyals. Crude for August delivery gained 5 percent last week to $91.44 a barrel in New York.

Rabigh Refining & Petrochemicals Co. (PETROR) fell 1.9 percent, the most in a week, to 17.75 riyals. The Saudi Arabian fuel producer said it had a second-quarter loss of 104.4 million riyals ($27.8 million).

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


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