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Nama Chemicals and Saudi Basic: Persian Gulf Equity Preview

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Aug. 23 (Bloomberg) -- The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.

Dubai’s DFM General Index added 0.9 percent, the largest gain in more than a week, to 1,464.86, and Abu Dhabi’s ADX General Index rose 0.6 percent. Saudi Arabia’s Tadawul All Share Index closed unchanged.

Nama Chemicals Co. (NAMA AB): The Saudi Arabian petrochemicals company named Abdulrahman Al Hammad as the company’s new chief executive officer after Abdulmohsen Al Ogaili resigned. The shares were unchanged at 9.05 riyals.

Saudi Basic Industries Corp. (SABIC AB): Crude for October delivery climbed 0.7 percent to $85.01 a barrel in electronic trading on the New York Mercantile Exchange. Saudi Basic is the world’s biggest petrochemicals maker. The shares slipped 0.5 percent to 92.25 riyals. Industries Qatar QSC (IQCD QD), the Middle East’s second-biggest petrochemicals company, declined 0.3 percent to 122.7 riyals.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net; Zahra Hankir in Dubai at zhankir@bloomberg.net

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

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