Dubai’s DFM
General Index slipped 0.3 per cent to 1,401.56 at the 2 p.m. close in
the emirate, snapping a five-day rally. Saudi Arabia’s Tadawul All
Share Index advanced 0.2 per cent.
The following shares were active in the Persian Gulf region. Stock symbols
are in parentheses.
Oman
Cement Co. decreased the most since November. 30, falling 2.1 per cent to
0.421 rial. The sultanate’s second- largest maker of the building material by
market value said full-year profit plunged 49 per cent to 12.8 million rials (USD33
million).
Saudi
Cement Co. surged to the highest since July 2008, rallying 6.5
per cent to 78 riyals. The Saudi manufacturer of the building material said its
board recommended distributing a second-half dividend of 4.5 riyals a share.
United
Development Co. tumbled the most in almost a month, decreasing 4.3
per cent to 24.7 riyals. The Qatari investor in infrastructure and energy said a
potential stake buyer pulled out after seeking to change the terms of an offer.
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