Persian Gulf Stocks: National Shipping and Zamil Industrial

Dubai’s DFM General Index (DFMGI) rose 0.9 percent, the most since Aug. 14, to 1,464.86 at the 2 p.m. Dubai close. Abu Dhabi’s ADX General Index (ADSMI) gained 0.6 percent, while Saudi Arabia’s Tadawul All Share Index (SASEIDX) was unchanged.

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

National Shipping Co. of Saudi Arabia (NSCSA AB) lost 3.1 percent to 11.1 riyals. The shares jumped as much as 2.2 percent earlier. The Saudi Arabian operator of crude oil and chemical tankers won a 230 million-riyal ($61 million) contract from the kingdom’s Ministry of Defense and Aviation.

Zamil Industrial Investment Co. (ZIIC) gained 0.8 percent to 25.7 riyals. Earlier it jumped as much as 2 percent. The maker of building materials in Saudi Arabia said a unit won an engineering, procurement and construction contract valued at 142.3 million riyals from Doosan Heavy Industries & Construction Co. for the Rabigh power plant in Saudi Arabia.

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

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