Persian Gulf Stocks: Combined Group of Kuwait, Saudi Cement
Saudi Arabia’s Tadawul All Share Index gained 1 percent, the most since May 22, to 6,747.69 at the close in Riyadh. Kuwait’s measure declined 1.2 percent.
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Combined Group Contracting Co. (CGC) fell 3 percent, the most since May 28, to 1,280 fils. The Kuwaiti construction company said it plans to challenge a ruling by the Court of Appeals ordering it to pay U.S.-based EB Holdings Inc. $11.3 million, according to a filing to Kuwait Stock Exchange today.
Saudi Cement Co. (SACCO) advanced 1.4 percent, the most since May 22, to 89.25 riyals. The board of the Saudi cement maker recommended paying a dividend 3.5 riyals a share for the first half of 2012.
Saudi Cable Co. (SCACO) climbed 1.7 percent, the most since May 21, to 15.30 riyals. The company said its Turkish unit won cable supply order valued at as much as $17 million in Russia.
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