Saudi Arabian Equity Movers: Dar Al Arkan, Al-Khodari Sons

The Tadawul All Share Index (SASEIDX) gained 1.4 percent, the biggest jump in more than five months, to 7,481.27, at the 3:30 p.m. close in Riyadh.

The following stocks were active in Saudi Arabia’s market.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) rose 0.9 percent, the largest increase in a week, to 54.25 riyals. The Saudi Arabian contracting company signed a deal valued at 35 million riyals ($9.3 million) to implement a sewage project for the electricity ministry.

Dar Al Arkan Real Estate Development Co. (ALARKAN) declined 0.5 percent, the sharpest drop this month, to 10.10 riyals. Saudi Arabia’s second-biggest property company by market value had its credit rating downgraded to B+ from BB- and was placed on negative watch by Standard & Poor’s.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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