Dubai’s benchmark DFM General Index fell 1 percent, the most since June 3, to 1,468.82 at the 2 p.m. close in the emirate. Qatar’s QE Index retreated 0.4 percent.
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB) decreased 1.5 percent, the most since June 6, to 33 riyals. The Saudi Arabian contracting company signed agreements with two banks for a combined 1.64 billion riyals ($437 million) of Islamic financing.
Arabtec Holding PJSC (ARTC UH), the United Arab Emirates’ biggest construction company, dropped 1.1 percent, the most since June 4, to 2.84 dirhams. Abu Dhabi Airports Co. yesterday postponed a contract-award ceremony for the construction of a terminal building to a group that includes Arabtec, TAV Insaat and Consolidated Contractors Co., Construction Week reported.
There is no change to the planned contract, a spokeswoman for ADAC who didn’t wish to be identified citing company policy, said by phone.