The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Emirates Telecommunications Corp. (ETISALAT UH): The Middle East’s biggest phone company by market value, known as Etisalat, said it decided not to proceed with a bid for a mobile license in Syria. The shares fell 0.5 percent to 10.9 dirhams.
Kuwait Projects Co. (KPROJ KK): Kuwait’s biggest privately owned investment firm forecasts profit to increase this year as it seeks acquisition opportunities, Vice Chairman Faisal al- Ayyar told shareholders yesterday in Kuwait City. The shares fell 2.5 percent to 390 fils.
Kuwait Real Estate Co. (KRE) : The Kuwaiti-based property company reported a loss of 20.7 million dinars ($75 million) in 2010 after a profit of 2.1 million dinars the previous year. The shares fell 3.7 percent to 52 fils.
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