Shaker Gains Most in Six Months on Output Capacity Increase

Al-Hassan G.I. Shaker Co. (SHAKER) jumped the most in almost six months after saying it will double production capacity at its subsidiary LG Shaker Co. to 1.4 million air- conditioning units in the second quarter, compared with a year earlier.

The shares climbed 8.8 percent, the largest gain since Nov. 20, to 64.75 riyals as of 4:30 p.m. in Riyadh.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.