The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Ahli United Bank (AUB BI): The Bahraini lender posted a 22 percent increase in second-quarter profit from a year earlier to $70.2 million. The shares gained 1.5 percent to 68 cents.
Arab Banking Corp. (ABC BI): The Bahraini commercial and Islamic bank said second-quarter profit dropped 17 percent to $34 million. The shares closed unchanged at 45.5 cents when they last traded on July 27.
Dubai Investments PJSC (DIC UH): The owner of stakes in more than 40 companies reported a 32 percent decline in second- quarter profit to 196.3 million dirhams ($53 million) as investment income fell. The shares rose 0.6 percent to 83.9 fils.
First Gulf Bank PJSC (FGB UH): The United Arab Emirates’ lender owned by Abu Dhabi’s ruling family said second-quarter profit rose 2 percent, less than analysts expected. The shares were unchanged at 14.45 dirhams.
Kuwait Insurance Co. (KINS KK): The provider of life, fire, accident, marine and aviation insurance posted a 69 percent decline in second-quarter profit to 389,171 dinars. The shares were unchanged at 325 fils when they last traded on July 21.
National Bank of Abu Dhabi PJSC (NBAD UH): The U.A.E.’s second-largest lender by assets was raised to “buy” from “hold” at Citigroup Inc. The shares gained 2.3 percent to 11.25 dirhams.
National Central Cooling Co. (TABREED UH): The refrigeration company known as Tabreed will seek board approval to reduce its share capital. The shares gained 2.7 percent to 37.6 fils.
Oman International Bank SAOG (OIBB OM): The Muscat-based lender said first-half profit declined 22 percent to 9.2 million rials ($24 million) from a year-earlier. The shares were unchanged at 0.288 rial.
Salam International Investment Ltd. (SIIS QD): The Qatari company with assets in construction posted an 8.7 percent increase in first-half profit to 68.8 million riyals ($19 million). The shares advanced 1 percent to 9.95 riyals.
Union National Bank PJSC (UNB UH): The bank in which the governments of Abu Dhabi and Dubai own stakes said second- quarter profit rose 25 percent to 340 million dirham from the year-earlier period. The shares were unchanged at 2.99 dirhams.