Persian Gulf Stocks: National Bank of Oman, Sahara Petrochemical
Saudi Arabia’s Tadawul All Share Index (SASEIDX) tumbled 1 percent to 6,459.23 at the 3:30 p.m. close in Riyadh. Dubai’s DFM General Index (DFMGI) slipped 0.2 percent and Abu Dhabi’s gauge gained 0.3 percent
The following shares were active in the Persian Gulf region. Stock symbols are in parenthesis.
Agility (AGLTY) tumbled the most since June 9, falling 6 percent to 315 fils. The Kuwaiti logistics company accused of overbilling the American military said after the market closed that the 11th U.S. Court of Appeals on July 12 declined the company’s request to review an earlier District Court ruling.
National Bank of Oman (NBOB OM) rose as much as 1.2 percent to 0.333 rial before trimming gains to close at 0.332 rial. Oman’s second-largest lender by market value said first-half profit rose to 17.1 million rials ($44.4 million) from 14.6 million rials a year earlier.
Ras Al Khaimah Cement (RAKCC UH) fell the most since July 6, dropping 4.3 percent to 89 fils. The producer of the building material in the United Arab Emirates said its first-half loss widened to 4.9 million dirhams ($1.3 million) from 1.3 million dirhams.
Sahara Petrochemical Co. (SPC) tumbled 4.4 percent, the biggest drop since March 15, to 24.95 riyals. The Saudi Arabian manufacturer of chemicals said the polypropylene plant of its unit Al Waha Petrochemicals stopped production due to a technical fault.
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