Agility, Gulf Cable, Salhia and Sabic: 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.
Agility (AGLTY) Public Warehousing Co. (AGLTY KK): The Kuwaiti storage and transport company said first-quarter profit fell to 7.7 million dinars ($27.9 million) from 17.6 million dinars a year earlier. The shares dropped 1.3 percent to 370 fils.
Gulf Cable & Electrical Industries Co. (CABLE KK): The Kuwaiti maker of electrical equipment said first-quarter profit rose to 5.9 million dinars from 3 million dinars a year earlier. The shares retreated 2.5 percent to 1,540 fils.
National Industries Group (NIND KK): The largest industrial investment company in Kuwait reported a 59 percent decline in first-quarter profit to 1.9 million dinars. The shares slumped 3.6 percent to 265 fils.
Salhia Real Estate Company KSC (SRE KK): The Kuwaiti property investor and hotel operator said first-quarter net dropped 26 percent to 1.87 million dinars from 2.53 million dinars the year earlier. The shares gained 1 percent to 212 fils.
Saudi Basic Industries Corp. (SABIC) : The world’s biggest petrochemicals producer said its venture with Exxon Mobil Corp. awarded contracts to develop an elastomers project in Jubail. The shares decreased 0.7 percent to 107.5 riyals.
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