Saudi Stock Movers: Al Abdullatif, Amiantit, Yansab, Zain Saudi

July 17 (Bloomberg) -- The Tadawul All Share Index fell for a fourth day, declining 0.7 percent to 6,113.96 at the close.

The following stocks rose or fell in Saudi Arabia’s market. Stock symbols are in parentheses.

Al Abdullatif Industrial Investment Co. (ALABDUL AB) dropped 3.9 percent, the most since May 25, to 29.7 riyals. The Saudi carpet manufacturer said second-quarter profit declined 16 percent to 38.4 million riyals ($10 million) from a year earlier on higher costs.

Eastern Province Cement Co. (EACCO AB) dropped 1.4 percent to 42.7 riyals, the lowest since June 19. The cement and clinker producer said second-quarter profit increased 1 percent to 104 million riyals from a year earlier.

National Industrialization Co. (NIC AB) rose 4 percent to 26.2 riyals. The petrochemical maker known as Tasnee said second-quarter profit climbed to 385.4 million riyals from 91.9 million riyals a year earlier.

Saudi Arabian Amiantit Co. (SAAC AB) dropped 1.7 percent to 17.6 riyals, the lowest since July 7. The maker of fiberglass, iron and pipes said second-quarter profit increased to 45.6 million riyals from 40.5 million riyals a year earlier.

Yanbu National Petrochemicals Co. (YANSAB AB) dropped 1.3 percent to 38.5 riyals, the lowest since July 7. The unit of Saudi Basic Industries Corp. known as Yansab was cut to “neutral” from “add” and given a price estimate of 43.50 riyals at Securities & Investment. Separately, Chairman Mutlaq Bin Hamad al-Morished told Al-Arabiya television that the board is yet to decide a date for Yansab’s first dividend payout.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at

To contact the editor responsible for this story: Claudia Maedler at