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: International Financial and Kingdom Holding

May 24 (Bloomberg) -- The DFM General Index declined for a fourth day, losing 0.2 percent at the 2 p.m. close in Dubai. Abu Dhabi’s ADX General Index decreased 0.6 percent. Saudi Arabia’s Tadawul All Share Index advanced 0.1 percent.

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

Combined Group Contracting Co. (CGC KK) increased the most in a week, gaining 1.1 percent to 1,920 fils. The construction company signed a 120 million dinar ($434 million) contract in which it has a 40 percent stake.

Drake & Scull International PJSC (DSI UH) increased the most in almost two weeks, gaining 1 percent to 1.01 dirhams. The Dubai-based construction company is bidding with India’s Voltas Ltd. for a more than 2 billion-dirham ($545 million) Abu Dhabi airport contract.

International Financial Advisors KSCC (IFA KK) climbed to the highest in almost three weeks, jumping 3.9 percent to 54 dinars. The Kuwaiti asset-management company had a profit of 409,000 dinars after a loss of 3.4 million dinars a year earlier.

Kingdom Holding Co. (KINGDOM AB) climbed to the highest level since April 13, advancing 2.3 percent to 8.95 riyals. The company controlled by Saudi billionaire Prince Alwaleed bin Talal said talks to buy a 25 percent stake in Zain Saudi are still under way. Zain Saudi, or Mobile Telecommunications Company of Saudi Arabia (ZAINKSA AB), rose 0.7 percent to 7.3 riyals.

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