Breaking News

Dollar Tree Agrees to Buy Family Dollar for $74.50 a Share
Tweet TWEET

Persian Gulf Stocks: Industries Qatar, Salam International Rise

Dubai’s DFM General Index (DFMGI) rose for a second day this week, gaining 0.2 percent at the 2 p.m. close in the emirate. Qatar’s QE Index (DSM) climbed 0.5 percent and Saudi Arabia’s Tadawul All Share Index (SASEIDX) increased 0.4 percent.

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

Industries Qatar QSC (IQCD) , the Middle East’s second- biggest petrochemicals company, rose to the highest since Aug. 18, advancing 1 percent to 126.3 riyals. Saudi Basic Industries Corp. (SABIC) , the world’s largest petrochemicals maker, climbed 0.5 to 93 riyals. Crude for October delivery increased as much as 1.4 percent to $86.91 a barrel on the New York Mercantile Exchange.

Salam International Investment Co. (SIIS) rallied to the highest since February, gaining 3.2 percent to 12.25 riyals. Qatar’s bourse said the construction services provider would be included on the QE Index on Oct. 2, replacing Qatar National Cement Co. (QNCD) . Qatar National shares advanced 0.6 percent to 110.5 riyals.

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

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.