Arabian Pipes and Saudi Steel Pipe: Gulf Equity Preview
The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
The DFM General Index gained 2.3 percent to 1,668.27. Qatar’s QE Index increased 0.7 percent and Saudi Arabia’s Tadawul All Share Index was little changed, advancing less than 0.1 percent.
Arabian Pipes Co. (APCO AB): The Saudi maker of steel pipes said its contract with Saudi Aramco was extended for a year. The shares were unchanged at 30 riyals.
Saudi Steel Pipe Co. (SSP AB): The manufacturer of welded pipes also said its contract with Aramco was extended for another year. The shares dropped 2.4 percent to 24.8 riyals
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