Saudi Stock Movers: Dar Al Arkan, Wataniya, Al-Khodari Sons
Saudi Arabia’s Tadawul All Share Index rose 0.8 percent, the most in four weeks, to 6,397.8, as of 11:12 a.m. in Riyadh, for a second day of gains.
The following stocks rose or fell in Saudi Arabia’s market. Stock symbols are in parentheses.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) jumped as much as 4.7 percent, to 51.5 riyals. The Saudi contractor won an order valued at 90.9 million riyals ($24.2 million) from Saudi Arabian Mining Co. to construct buildings in Maaden’s aluminum plant in Ras Al Zour on the Persian Gulf.
Dar Al Arkan Real Estate Development Co. (ALARKAN AB) rose as much as 1.1 percent to 9.05 riyals, the highest since Dec.1., and last traded unchanged at 8.95 riyals. Saudi Arabia’s biggest developer by market value said it can repay 7.8 billion riyals of debt maturing within five years without tapping the bond market again.
Wataniya Insurance Co. (WATANIYA AB) rose as much as 1.1 percent to 46.7 riyals, the highest since Nov. 22, and last traded up 0.4 percent at 46.4 riyals. The Saudi insurer was rated “BBB” with a stable outlook by Standard & Poor’s.
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