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.
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.
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