The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Commercial Bank of Qatar (CBQK QD): The Persian Gulf country’s second-biggest bank by assets said fourth-quarter profit rose 66 percent to 309 million riyals ($85 million) from the year-earlier period. The mean estimate of five analysts was for a profit of 443 million riyals, according to data compiled by Bloomberg. The shares dropped 2.2 percent to 86.6 riyals.
Drake & Scull International PJSC (DSI UH): The Dubai-based construction engineering contractor said it won a 465 million- dirham ($127 million) contract in Egypt. The shares were unchanged at 1.08 dirhams.
Industries Qatar (IQCD QD): The petrochemicals maker was lowered to "underweight" from "neutral" at HSBC Holdings Plc, with a price estimate of 135 riyals. The shares tumbled 4 percent to 144 riyals.
Mohammad Al-Mojil Group (MMG AB): The Saudi Arabian company that provides services to the construction industry signed an initial accord for a 256 million riyals ($68 million) deal to carry out electrical and mechanical works. The shares rose 4.2 percent to 17.5 riyals.
National Bank of Oman SAOG (NBOB OM): The Persian Gulf country’s second-biggest bank by assets said full-year profit rose to 27.2 million rials ($71 million) from 21.1 million rials. The shares gained 0.9 percent to 0.338 rial.
Qatar Electricity & Water Co. (QEWS QD): The Qatari utility company was rated "buy" in new coverage at Deutsche Bank AG with a price estimate of 165 riyals. The shares retreated 1.5 percent to 132 riyals.
Sahara Petrochemical Co. (SPC AB): The manufacturer of chemicals was lowered to "neutral" from "overweight" at HSBC, with a price estimate of 25 riyals. The shares advanced 1.6 percent to 22.3 riyals.
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