Gulf Stocks: Depa, National Central Cooling and Sultan Center
Dubai’s DFM General Index (DFMGI) slipped 0.1 percent at the 2 p.m. close in the emirate. Abu Dhabi’s measure gained 0.1 percent.
The following stocks rose or fell in the Gulf. Symbols are in parentheses.
Depa Ltd. (DEPA) slumped to the lowest level since Sept. 7, tumbling 9.7 percent to 58.5 cents. The United Arab Emirates- based provider of furnishing for hotels and yachts reported a loss of 198.2 million dirhams ($54 million) last year after a profit in 2009.
National Central Cooling Co. (TABREED UH) rose to the highest since Feb. 23, gaining 1.8 percent to 1.16 dirhams. The company known as Tabreed completed a recapitalization program, refinancing 2.63 billion dirhams of debt and receiving as much as 3.1 billion dirhams of long-term capital.
Sultan Center for Food Products Co. (SULTAN KK) fell to the lowest since March 20, dropping 1.6 percent to 124 fils. The builder and operator of catering operations and restaurants said it had a full-year loss of 34.4 million dinars ($124 million) in 2010 after a profit of 3.8 million dinars in 2009.
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