Bank Al-Jazira and Kuwait & Gulf Link: Gulf Equity Preview

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

The Dubai Financial Market General Index declined 0.1 percent to 1,555.49. Saudi Arabia’s Tadawul All Share Index (SASEIDX) advanced 0.2 percent.

Bank Al-Jazira (BJAZ) : The smallest Saudi Arabian lender by market value said its 1 billion-riyal ($267 million) sukuk sale received bids for four times the amount sought. The shares gained 0.8 percent to 18.5 riyals.

Kuwait & Gulf Link Transport Co. (KGL) : The cargo shipper reported a full-year loss of 4.4 million dinars ($15.9 million) after a profit of 605,617 dinars a year earlier. The shares slid 5.6 percent to 134 fils.

To contact the reporter on this story: Zahraa Alkhalisi in Dubai at zalkhalisi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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