Shaker Gains Most in Six Months on Output Capacity Increase
Al-Hassan G.I. Shaker Co. (SHAKER) jumped the most in almost six months after saying it will double production capacity at its subsidiary LG Shaker Co. to 1.4 million air- conditioning units in the second quarter, compared with a year earlier.
The shares climbed 8.8 percent, the largest gain since Nov. 20, to 64.75 riyals as of 4:30 p.m. in Riyadh.
To contact the reporter on this story: Mourad Haroutunian in Riyadh at firstname.lastname@example.org
To contact the editor responsible for this story: Shaji Mathew at email@example.com