The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.
Abu Dhabi Commercial Bank PJSC (ADCB) : The United Arab Emirates’ third-largest bank by assets agreed to sell its 24.9 percent stake in Malaysian lender RHB Capital Bhd. to state- owned Aabar Investments PJSC for $1.9 billion. The shares rose 2.2 percent to 3.23 dirhams.
Mannai Corp. (MCCS QD): Axiom Telecom, a mobile-telephone retailer based in Dubai, sold a 35 percent stake in the company to Mannai, the Qatari retailer of electronics, durables and vehicles. The shares slipped 2.8 percent to 106 riyals.
Southern Province Cement Co. (SOCCO) : Saudi Arabia’s biggest cement producer by market value said second-quarter profit will rise an estimated 28 percent to 237 million riyals ($63 million) from 185 million riyals a year earlier. The shares dropped 1 percent to 72.25 riyals.
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