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: Aldar, Ithmaar Bank, Jabal Omar, NBK

Dec. 28 (Bloomberg) -- Qatar’s QE Index lost 0.9 percent, the biggest drop in more than a week, to 8,645.65 at the 12:30 p.m. close in Doha. Abu Dhabi’s benchmark stock index advanced 0.3 percent and Saudi Arabia’s Tadawul All Share Index rose 0.5 percent.

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

Aldar Properties PJSC (ALDAR UH) climbed 1.8 percent, gaining for the first time in more than a week, to 2.26 dirhams. Abu Dhabi’s largest developer expects to receive aid from the emirate’s government in the first quarter, Al Arabiya reported.

Ithmaar Bank BSC (ITHMR BI) gained the most in more than a month, jumping 4.2 percent to 12.5 cents. The retail-focused Islamic bank based in Bahrain raised $167 million from a secured, Islamic murabaha loan from Ahli United Bank BSC (AUB BI). Ahli United shares were unchanged at 72 cents.

Jabal Omar Development Co. (JOMAR AB) advanced 2.4 percent, the most in more than a week, to 17.45 riyals. The real-estate developer in Saudi Arabia’s holy city of Mecca awarded a contract valued at 3.4 billion riyals ($908 million) to Nesma & Partners Contracting Co.

National Bank of Kuwait SAK (NBK KK) increased 1.4 percent to 1,460 fils, the highest since July 2008. NBK Capital Ltd., a unit of Kuwait’s biggest lender, acquired a 20 percent stake in Turkish aquaculture company Kilic Deniz.

To contact the reporter on this story: Dana El Baltaji in Dubai delbaltaji@bloomberg.net

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.