Persian Gulf Stocks: Abdullah A.M. Al-Khodari, Sanad Cooperative

Dubai’s DFM General Index (DFMGI) dropped 1.1 percent at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index (ADSMI) also declined 1.1 percent and Saudi Arabia’s Tadawul All Share Index (SASEIDX) retreated 0.3 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parenthesis.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) gained the most in more than a week, rising 2 percent to 64 riyals. The Saudi Arabian company signed a contract valued at 24 million riyals ($6.4 million) with the Ministry of Municipal and Rural Affairs to develop a cleaning project in Skaka city.

Sanad Cooperative Insurance & Reinsurance Co. (SANAD) rallied the most in more than two months, jumping 7.4 percent to 15.2 riyals. The Saudi Arabian insurer named Philip William Head as its new chief executive officer.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@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.