Persian Gulf Stocks: Al-Khodari and Arabtec Holding Were Active
The following shares were active in the Persian Gulf region. Stock symbols are in parentheses.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR) 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) , 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.
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