Persian Gulf Stocks: Mohammad Al-Mojil, Yamamah Saudi Cement

Qatar’s QE Index (DSM) rose 0.3 percent to 8,781.45, the highest since April 13, at the 1 p.m. close in Doha. Saudi Arabia’s Tadawul All Share Index (SASEIDX) advanced 1 percent, while Abu Dhabi’s ADX General Index (ADSMI) dropped 0.1 percent.

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

Mohammad Al-Mojil Group (MMG) advanced the most since Nov. 19, gaining 1.5 percent to 20.35 riyals. The Saudi Arabian construction company said it won a contract valued at 315 million riyals ($84 million) from Saudi Arabian Oil Co.

Yamamah Saudi Cement Co. (YACCO) surged the most since April 2009, rising 6.8 percent to 66.5 riyals. Saudi Arabia’s third-biggest cement company said the board will propose a 50 percent capital increase through a bonus share issue.

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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