Persian Gulf Stocks: Arab National, Saudi British Bank, Tabuk
Dubai’s DFM General Index (DFMGI) increased 1.4 percent at the 2 p.m. close in the emirate. Abu Dhabi’s ADX General Index (ADSMI) advanced 0.1 percent and Saudi Arabia’s Tadawul All Share Index (SASEIDX) gained 0.3 percent.
The following stocks rose or fell in the Persian Gulf region. Symbols are in parentheses.
Arab National Bank (ARNB) rose the most since March 26, advancing 3.1 percent to 29.9 riyals. Saudi Arabia’s sixth- largest publicly traded lender by assets said second-quarter profit rose to 696.7 million riyals ($185.8 million) from 629.4 million riyals a year earlier.
Saudi British Bank (SABB) also surged the most since March 26, jumping 4.8 percent to 43.5 riyals. The lender that is 40 percent owned by HSBC Holdings Plc said second-quarter profit climbed to 852 million riyals from 447 million riyals a year earlier.
Tabuk Agricultural Development Co. (TAACO AB) climbed the most in six weeks, soaring 5.1 percent to 24.8 riyals. A Saudi Arabian company that trades in fruits and vegetables said second-quarter profit rose to 10 million riyals from 5.4 million riyals a year earlier.
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