Al Khaliji, Arriyadh Development: Persian Gulf Equity Preview
The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Al Khaliji (KCBK) Bank: The Qatari bank said it won’t proceed with a planned merger with International Bank of Qatar. The shares fell 1.1 percent to 17.65 rials.
Arriyadh Development Co. (ADCO) : The Saudi Arabian property developer awarded a contract valued at 59.3 million riyals ($16 million) to a local company to build cooling and freezing warehouses in southern Riyadh. The shares declined 1.7 percent to 14.90 riyals.
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