Emaar Properties and Kuwait Cement: Gulf Equity Preview
Stock Chart for Emaar Properties PJSC (EMAAR)
The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Emaar Properties PJSC (EMAAR) : Credit Suisse Group AG cut its price estimate on the builder of the world’s tallest skyscraper in Dubai to 4.32 dirhams from 5.19 dirhams, citing “potential delivery delays in international projects.” The shares surged 4.7 percent to 2.68 dirhams.
Kuwait Cement Co. (KCEM) : The Gulf state’s biggest publicly traded cement maker by market value posted an increase in full-year profit to 13.36 million dinars ($48 million) from 12.8 million in 2009. The shares fell 1.7 percent to 590 fils when they last traded March 8.
To contact the reporter on this story: Zahra Hankir in Dubai at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.