The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Arabian Cement Co. (ARCCO AB): The Saudi Arabian maker of the building material was raised to “buy” from “hold” and assigned a price estimate of 39.80 riyals at Global Investment House KSCC. The shares increased 0.3 percent to 36 riyals.
Eastern Province Cement Co. (EACCO AB): The Saudi manufacturer of cement and clinker was cut to “reduce” from “hold” and assigned a price estimate of 37 riyals at Global Investment House. The shares advanced 1.4 percent to 42.5 riyals.
Saudi Cement Co. (SACCO AB): The second-largest producer of building materials in the kingdom by assets was cut to “hold” from “buy” and assigned a price estimate of 47 riyals at Global Investment House. The shares were unchanged at 43.6 riyals.
Saudi Basic Industries Corp. (SABIC AB): The world’s biggest petrochemical maker plans to ask the World Trade Organization to apply pressure on India to lift an anti-dumping duty it imposed on Saudi polypropylene, an official said. The shares gained 0.5 percent to 99.5 riyals.
To contact the editor responsible for this story: Claudia Maedler in Dubai at email@example.com