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Persian Gulf Stocks: Abdullah A.M. Al-Khodari, Sanad Cooperative

Aug. 21 (Bloomberg) -- Dubai’s DFM General Index dropped 1.1 percent at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index also declined 1.1 percent and Saudi Arabia’s Tadawul All Share Index retreated 0.3 percent.

The following shares were active in the Persian Gulf region. Stock symbols are in parenthesis.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) gained the most in more than a week, rising 2 percent to 64 riyals. The Saudi Arabian company signed a contract valued at 24 million riyals ($6.4 million) with the Ministry of Municipal and Rural Affairs to develop a cleaning project in Skaka city.

Sanad Cooperative Insurance & Reinsurance Co. (SANAD AB) rallied the most in more than two months, jumping 7.4 percent to 15.2 riyals. The Saudi Arabian insurer named Philip William Head as its new chief executive officer.

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

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