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Persian Gulf Stocks: Air Arabia, Aramex and Saudi Industrial

Saudi Arabia’s Tadawul All Share Index (SASEIDX) was little changed at the 3:30 p.m. close in Riyadh after earlier rising as much as 0.5 percent. The DFM General Index (DFMGI) retreated 0.4 percent.

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

Air Arabia (AIRARABI) PJSC advanced 1.1 percent to 72 fils, the highest since March 20. The annual general meeting of the Middle East’s biggest discount airline is scheduled for today.

Aramex PJSC (ARMX UH) rose the most in more than a month, gaining 1.1 percent to 1.79 dirhams. The largest courier company in the Middle East is also holding an annual general meeting today.

Saudi Industrial Investment Group (SIIG) rose to the highest in more than a week, gaining 0.8 percent to 25.2 riyals. The investor in petrochemicals projects said it will seek shareholders’ approval to authorize its board to sell bonds.

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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