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Al Khaliji, Arriyadh Development: Persian Gulf Equity Preview

June 5 (Bloomberg) -- The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.

Saudi Arabia’s Tadawul All Share Index tumbled 1.7 percent, while Dubai’s DFM General Index dropped 0.5 percent. Abu Dhabi’s ADX General Index rose 0.3 percent.

Al Khaliji Bank (KCBK QD): The Qatari bank said it won’t proceed with a planned merger with International Bank of Qatar. The shares fell 1.1 percent to 17.65 rials.

Arriyadh Development Co. (ADCO AB): The Saudi Arabian property developer awarded a contract valued at 59.3 million riyals ($16 million) to a local company to build cooling and freezing warehouses in southern Riyadh. The shares declined 1.7 percent to 14.90 riyals.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at Alaa Shahine in Dubai at

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

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