The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Al Khaliji (KCBK QD): The Qatari lender said its nine-month profit more than doubled to 329.5 million riyals ($90.5 million). The shares increased 0.7 percent to 15.5 riyals.
BBK (BBK BI): The company previously known as Bank of Bahrain and Kuwait plans to sell five-year bonds in dollars that may be priced to yield in the “mid-300 basis-point area” more than the benchmark mid-swap rate, according to two people with knowledge of the sale. The shares rose 0.5 percent to 0.43 dinar.
Commercial Bank of Qatar (CBQK QD): The Persian Gulf country’s second-biggest lender posted a 29 percent increase in third-quarter profit to 508 million riyals, beating analysts’ estimates, as it reduced provisions and increased interest income. The shares advanced 0.1 percent to 86.1 riyals.
Doha Bank QSC (DHBK QD): The country’s fourth-biggest bank by assets posted a bigger-than-estimated 37 percent increase in third-quarter profit to 280.6 million riyals on gains from interest income. The shares fell 0.2 percent to 54.9 riyals.
Emaar Economic City (EMAAR AB): The developer of King Adbullah Economic City in Saudi Arabia said its third-quarter loss widened to 195.6 million riyals ($52 million) from 63.5 million riyals in the year-earlier period. The shares dropped 0.7 percent to 7.4 riyals.
Emirates Telecommunications Corp. (ETISALAT UH): The United Arab Emirates’ largest phone company said third-quarter profit dropped 23 percent to 1.74 billion dirhams ($473 million) as operating expenses rose. The shares climbed 2.6 percent to 11.85 dirhams.
Qatar Insurance Co. (QATI QD): The Qatari company that offers life insurance posted a 3 percent increase in nine-month profit to 461.7 million riyals. The shares dropped 0.4 percent to 83.4 riyals.
Qatar Industrial Manufacturing (QIMD QD): The producer of building materials, chemicals and paper posted a 21 percent increase in nine-month profit to 127.5 million riyals. The shares rose 1.2 percent to 49.1 riyals.
Saudi Chemical Co. (SCCO AB): The distributor of pharmaceutical drugs said third-quarter profit almost halved to 54 million riyals from 105 million riyals on lower sales due to holidays that fell in September. The shares gained 0.2 percent to 41.5 riyals.
To contact the editor responsible for this story: Claudia Maedler in Dubai at firstname.lastname@example.org