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Gulf Equity Market Preview: Galfar, NBAD and Zamil Industrial

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) fell 0.3 percent while Dubai’s DFM General Index (DFMGI) declined 1.1 percent.

Galfar Engineering & Contracting SAOG (GECS OM): The construction company registered cement and contracting units in Oman. The shares declined 1.4 percent to 0.353 rial.

National Bank of Abu Dhabi PJSC (NBAD) : The United Arab Emirates’ second-biggest bank is part of a group advising Kuwait on the development of Failaka island. The shares lost 3.1 percent to 11 dirhams.

Zamil Industrial Investment Co. (ZIIC) : The maker of building materials in Saudi Arabia said a unit won an engineering, procurement and construction contract valued at 142.3 million riyals ($37.9 million) from Doosan Heavy Industries & Construction Co. for the Rabigh power plant in Saudi Arabia. The shares were unchanged at 25.5 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at

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

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