The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Abu Dhabi Islamic Bank PJSC (ADIB UH): The United Arab Emirates’ second-biggest bank complying with Islamic finance rules will provide $100 million in financing to National Petroleum Construction Co. to fund the construction of a crane barge. The shares decreased 0.4 percent to 2.61 dirhams.
Al-Enma’a Real Estate Co. (ERESCO KK): The Kuwaiti property investment company won an 11.4 million-dinar ($40 million) government contract. The shares declined 1.6 percent to 62 fils.
Al Meera Consumer Goods Co. (MERS QD): The company that operates a chain of stores in Qatar appointed Guy Sauvage as Chief Executive Officer. The shares rose 4.1 percent to 57.8 riyals.
Kuwait Projects Co. (KPROJ KK): The country’s biggest privately owned investment company sold a 39.2 percent stake in Gulf Insurance Co. to Fairfax Financial Holdings Ltd. for $208.6 million. The shares fell 2.2 percent to 455 fils.