The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Al-Babtain Power & Telecommunication Co. (ALBABTAI) : The Saudi Arabia-based supplier of transmission towers received regulatory approval for a capital increase to 426.3 million riyals ($113.7 million) from 405 million riyals. The shares gained 0.7 percent to 27.8 riyals.
Dlala Brokerage & Investment Holding Co. (DBIS QD): The Qatari asset manager and stockbroker said first-quarter profit almost doubled to 12.1 million riyals ($3.3 million). The shares fell 0.4 percent to 16.8 riyals when they last traded on March 31.
Dubai Islamic Bank PJSC (DIB) : The United Arab Emirates’ biggest bank complying with Shariah banking rules paid 374.7 million dirhams ($102 million) to buy a controlling stake in Tamweel PJSC as the United Arab Emirates’ biggest Islamic lender sought to boost mortgage financing in Dubai. The shares increased 0.5 percent to 2.23 dirhams.
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