Drake & Scull, Americana, Mabanee, Oula, Saudi Cement: Gulf Equity Preview

The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

Dubai’s DFM General Index advanced 1.3 percent, the most this month, to 1,715.68. The ADX General Index increased 0.2 percent, while Kuwait’s gauge declined 1 percent.

Abu Dhabi National Insurance Co. (ADNIC UH): The provider of life and car insurance in the United Arab Emirates posted a 72 drop in third-quarter profit to 48.4 million dirhams ($13 million). The shares decreased 2.3 percent to 6.45 dirhams when they last traded on Nov. 1.

Drake & Scull International PJSC (DSI UH): The Dubai-based engineering contractor for the real-estate industry will make an announcement on a Saudi Arabian acquisition today. The shares fell 0.5 percent to 97.2 fils.

Kuwait Food Co. (FOOD KK): The company known as Americana said third-quarter profit rose 77 percent to 7.96 million dinars ($28 million). The shares retreated 1.2 percent to 1,660 fils.

Kuwait Portland Cement Co. (PCEM KK): The Kuwaiti cement and building materials trader said third-quarter net income rose 49 percent to 5.8 million dinars. The shares lost 1.2 percent to 1,660 fils.

Mabanee Co. (MABANEE KK): The pre-cast building manufacturer said third-quarter profit increased to 5.2 million dinars from 4.9 million dinars. The shares declined 2.3 percent to 840 fils.

Oula Fuel Marketing Co. (OULAFUEL KK): The only non- government operator of gasoline stations in Kuwait said third- quarter profit fell 33 percent to 564,334 dinars. The shares were unchanged at 350 fils.

Saudi Cement Co. (SACCO AB): The Saudi manufacturer of building materials approved setting up a joint venture in Kuwait valued at 4 million dinars. The shares advanced 0.5 percent to 44 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net;

To contact the editor responsible for this story: Claudia Maedler in Dubai at cmaedler@bloomberg.net

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