The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Aldar Properties PJSC (ALDAR UH): Abu Dhabi’s largest developer had its corporate-credit rating lowered two levels by Standard & Poor’s on funding concern and “challenging” market conditions. The shares gained 2.7 percent to 2.32 dirhams.
Commercial Bank of Qatar (CBQK QD): The Persian Gulf country’s second-biggest lender by assets is selling 275 million Swiss francs ($277 million) in fixed-rate bonds. The shares were unchanged at 86 riyals.
Gulf General Investment Co. (GGICO UH): The United Arab Emirates-based investment company posted a third-quarter profit of 53.5 million dirhams ($15 million) compared with 22.2 million dirhams in the year-ago period. The shares slid 1 percent to 49 fils.
Union Insurance Co. (UNION UH): The U.A.E. insurer said third-quarter profit rose to 7.4 million dirhams from 7.2 million dirhams in the year-earlier period. The shares fell 0.5 percent to 2.23 dirhams when they last traded on Oct. 12.
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