Abu Dhabi Ship, Arabian Pipes, NBQ: Persian 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.

Dubai’s DFM General Index (DFMGI) retreated 1.2 percent. Qatar’s QE Index (DSM) climbed 0.5 percent, while Saudi Arabia’s Tadawul All Share Index (SASEIDX) advanced 0.4 percent.

Abu Dhabi Ship Building Co. (ADSB) : The United Arab Emirates maker of military and commercial vessels will hold a board meeting today. The shares surged 5.4 percent to 1.95 dirhams when they last traded on June 21.

Arabian Pipes Co. (APCO) : The Saudi Arabian maker of steel pipes won a contract valued at about 500 million riyals ($133 million) to supply Petroleum Development Oman with pipes. The shares fell 0.7 percent to 30.5 riyals.

National Bank of Umm Al Qaiwain (NBQ) : The United Arab Emirates-based commercial bank said a Dubai court delayed the execution of an order related to a $250 million dispute with Global Investment House KSCC (GLOBAL) . National Bank of Umm Al Qaiwain shares surged 9.3 percent to 1.99 dirhams, while Global Investment House shares dropped 1.3 percent to 37 fils.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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