Bloomberg the Company

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

Follow Us

Industry Products

Persian Gulf Stocks: Emaar, Jarir Marketing, National Shipping

Don't Miss Out —
Follow us on:

Oct. 5 (Bloomberg) -- Saudi Arabia’s Tadawul All Share Index increased 0.6 percent at the 3:30 p.m. close in Riyadh, trimming the decline for the week to 1.8 percent. The DFM General Index slipped 0.2 percent and Abu Dhabi’s ADX General Index lost 0.3 percent.

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

Emaar Properties PJSC (EMAAR UH) slumped to the lowest level since March, losing 1.2 percent to 2.53 dirhams. The developer of the world’s tallest skyscraper had its price estimate cut to 3 dirhams from 3.50 dirhams at Rasmala “on weak international handovers.” The stock recommendation was maintained at “buy.”

Jarir Marketing Co. (JARIR AB) rose to the highest since July 3, climbing 2.9 percent to 178 riyals. Saudi Arabia’s largest stationery and bookseller by market value said third-quarter profit rose 48 percent to 152 million riyals ($40.5 million) on higher sales.

National Shipping Co. of Saudi Arabia (NSCSA AB) advanced for a second day this week, gaining 1.3 percent to 11.7 riyals. The Saudi operator of crude oil and chemical tankers said a unit received a tanker, the income from which will affect fourth-quarter earnings.

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