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Persian Gulf Stocks: BankMuscat and Saudi Airlines Catering

July 9 (Bloomberg) -- Saudi Arabia’s Tadawul All Share Index dropped 1.4 percent, the biggest decrease since June 27, to 6,756.99 at the close in Riyadh. Abu Dhabi’s ADX General Index rose 0.1 percent while Dubai’s benchmark DFM General Index lost 0.4 percent and Oman’s MSM30 Index declined 0.5 percent.

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

BankMuscat SAOG (BKMB OM) fell for a second day, decreasing 1.1 percent to 0.544 rial. Oman’s biggest bank by assets will start selling shares in a rights offering from today through July 23.

Saudi Airlines Catering Co. (CATERING AB), the Saudi company that provides airline catering services, rose 15 percent in its trading debut to 62 riyals.

Qassim Cement Co. (QACCO AB) fell the most since June 5, dropping 1.5 percent to 79.75 riyals. The Saudi Arabian producer of the building material posted second-quarter profit that missed analysts’ estimates.

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

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