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Persian Gulf Stocks: Industries Qatar, Salam International Rise

Sept. 20 (Bloomberg) -- Dubai’s DFM General Index rose for a second day this week, gaining 0.2 percent at the 2 p.m. close in the emirate. Qatar’s QE Index climbed 0.5 percent and Saudi Arabia’s Tadawul All Share Index increased 0.4 percent.

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

Industries Qatar QSC (IQCD QD), the Middle East’s second-biggest petrochemicals company, rose to the highest since Aug. 18, advancing 1 percent to 126.3 riyals. Saudi Basic Industries Corp. (SABIC AB), the world’s largest petrochemicals maker, climbed 0.5 to 93 riyals. Crude for October delivery increased as much as 1.4 percent to $86.91 a barrel on the New York Mercantile Exchange.

Salam International Investment Co. (SIIS QD) rallied to the highest since February, gaining 3.2 percent to 12.25 riyals. Qatar’s bourse said the construction services provider would be included on the QE Index on Oct. 2, replacing Qatar National Cement Co. (QNCD QD). Qatar National shares advanced 0.6 percent to 110.5 riyals.

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

To contact the editor responsible for this story: Claudia Maedler at

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