Al Khodari Sons, Al Jouf Agricultural: Gulf Equity Preview

The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

The QE Index rose 0.7 percent as Kuwait’s gauge retreated 0.5 percent. Saudi Arabia’s Tadawul All Share Index gained 1.2 percent, the biggest rise since Nov. 6. Markets in the United Arab Emirates are closed today to mark an Islamic holiday.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB): The Saudi Arabian company won a contract valued at 22.8 million riyals ($6.1 million) from the Ministry of Water and Electricity to operate and maintain water networks in the kingdom’s Eastern Province. The shares advanced 0.4 percent to 49.4 riyals.

Al Jouf Agricultural Development Co. (JADCO AB): The Saudi Arabian company plans to offer bonus shares that would increase its capital by 25 percent to 250 million riyals. The shares rose 2 percent to 36.3 riyals, the highest since March 6.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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