Bloomberg the Company & Products

Bloomberg Anywhere Login


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Gulf Stocks: Advanced Petrochemicals, Arabian Pipes, Oman Cement

Don't Miss Out —
Follow us on:

Jan. 12 (Bloomberg) -- The Dubai Financial Market General Index fell 0.4 percent to 1,627.79 at the 2 p.m. close in the emirate. Abu Dhabi’s measure was little changed while Saudi Tadawul All Share Index advanced 0.2 percent.

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

Advanced Petrochemicals Co. (APPC AB) rose the most since Dec. 21, gaining 1.9 percent to 27.3 riyals. The Saudi Arabian chemicals producer said its fourth-quarter profit increased to 89.4 million riyals ($24 million) from 28.7 million riyals in the year-earlier period.

Arabian Pipes Co. (APCO AB) rallied to the highest since May 24, advancing 2.6 percent to 31.5 riyals. The Saudi maker of steel pipes won an 11.8 million-riyal order from Saudi Basic Industries Corp. The company expects to see the effect of the sale in the second quarter.

Dar Al Arkan Real Estate Development Co. (ALARKAN AB) rose 2.6 percent to 10 riyals, the highest since Oct. 3. Saudi Arabia’s biggest property company by market value signed a 14-year lease contract with Saudi Hypermarkets Co., which operates Carrefour supermarkets in the kingdom, Asharq al-Awsat reported.

Oman Cement Co. (OCOI OM) slipped 3.1 percent to 0.622 rial, the lowest since Nov. 4. The sultanate’s second-largest maker of the building material by market value said full-year profit for 2010 will fall by 2.25 million rials ($5.8 million) after the company sets aside money to cover environmental compensation.

To contact the reporters on this story: Zahraa Alkhalisi in Abu Dhabi at; Zahra Hankir in Dubai at

To contact the editor responsible for this story: Shaji Mathew at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.