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Persian Gulf Stocks: Al Qassim, Al-Khodari Sons and QNBK

Jan. 10 (Bloomberg) -- Saudi Arabia’s Tadawul All Share Index rose 0.5 percent to 6,476.60, the highest level since July 24, at the 3:30 p.m. close in Riyadh. Qatar’s QE Index dropped 2.1 percent, the most since Aug. 7.

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

Al Qassim Agricultural Development Co. (QAACO AB) jumped to the highest since April 2007, rallying 5.6 percent to 26.5 riyals. The operator of farms in Saudi Arabia said it repaid Al Rajhi Bank (RJHI AB) 27.7 million riyals ($7.39 million). Al Rajhi shares advanced 2.4 percent to 74 riyals.

Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) advanced the most this month, rising 2.5 percent to 51.75 riyals. The Saudi Arabian contractor won a 105 million-riyal government contract.

National Leasing (NLCS QD) climbed the most since Dec. 19, gaining 3.6 percent to 47.9 riyals. The Qatari investment company said full-year net income rose to 216 million riyals ($59 million) from 180 million riyals the year earlier.

Qatar National Bank SAQ (QNBK QD) slumped the most in more than two years, dropping 5.2 percent to 145 riyals. The Gulf country’s biggest bank by assets said it would distribute a cash dividend of 40 percent and bonus shares of 10 percent.

Qassim Cement Co. (QACCO AB) decreased the most since Aug. 6, losing 1.6 percent to 74.75 riyals. The Saudi producer of the building material said yesterday Saudi Aramco won’t provide fuel for a new plant.

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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