The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Abu Dhabi Commercial Bank PJSC (ADCB UH): The United Arab Emirates’ third-biggest bank by assets aims to diversify lending after being hurt by Dubai World’s $24.9 billion debt restructuring, Chief Executive Officer Ala’a Eraiqat said. The shares fell 1.2 percent to 2.42 dirhams.
Ahli United Bank (AUB BI): The Bahraini lender posted a 63 percent increase in third-quarter profit to $65.2 million. The shares were unchanged at 76.5 cents.
Bahrain Telecommunications Co. (BATELCO BI): The nation’s largest phone company posted a 24 percent decline in third- quarter profit to 19.3 million dinars ($51.2 million) on domestic competition and losses from an Indian joint venture. The shares were unchanged at 0.53 dinar.
Gulf Bank KSC (GBK KK): The Kuwaiti lender said net income for the first nine months of the year was 10.4 million dinars ($37 million) after a loss of 7 million dinars for the same period a year ago. The shares retreated 1.9 percent to 520 fils.
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