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Shaker Gains Most in Six Months on Output Capacity Increase

May 7 (Bloomberg) -- Al-Hassan G.I. Shaker Co. jumped the most in almost six months after saying it will double production capacity at its subsidiary LG Shaker Co. to 1.4 million air-conditioning units in the second quarter, compared with a year earlier.

The shares climbed 8.8 percent, the largest gain since Nov. 20, to 64.75 riyals as of 4:30 p.m. in Riyadh.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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