Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gulf Stocks Movers: Al Jouf, Barwa Real Estate, Industries Qatar

Don't Miss Out —
Follow us on:

Dec. 5 (Bloomberg) -- Qatar’s QE Index increased 3.6 percent to 8,477.32, the highest in more than two years. Oman’s gauge advanced 0.5 percent, while Saudi Arabia’s Tadawul All Share Index retreated 0.3 percent. Stock markets in the United Arab Emirates were closed for an Islamic holiday.

The following stocks gained or fell in the Gulf. Symbols are in parentheses.

Al Jouf Agricultural Development Co. (JADCO AB) rose the most in a year, jumping 5.2 percent to 38.2 riyals. The Saudi Arabian producer of olive oil and dairy products said it plans to offer bonus shares that would increase capital by 25 percent.

Barwa Real Estate Co. (BRES QD), Qatar’s biggest publicly traded property developer by assets, jumped 6.2 percent, the most since December 2009, to 36 riyals. The Persian Gulf country plans to more than double the number of hotel rooms, build nine stadiums and refurbish three others and construct a rail and metro network after winning the rights to host the soccer World Cup in 2022.

Industries Qatar (IQCD QD) surged 4.3 percent to 135 riyals, the highest in more than two years. Crude oil rose to the highest level in 25 months, with oil for January delivery settling at $89.19 a barrel on the New York Mercantile Exchange on Dec. 3. Industries Qatar is the second-biggest petrochemicals maker in the Middle East.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net or

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.