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.

Saudi Arabia’s Tadawul All Share Index (SASEIDX) tumbled 1.7 percent, while Dubai’s DFM General Index (DFMGI) dropped 0.5 percent. Abu Dhabi’s ADX General Index (ADSMI) rose 0.3 percent.

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.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net Alaa Shahine in Dubai at asalha@bloomberg.net

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

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