Ahli United and First Gulf Bank: 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.

Abu Dhabi’s ADX General Index (ADSMI) rose 0.1 percent and Qatar’s QE Index (DSM) increased 0.5 percent. Dubai’s DFM General Index (DFMGI) surged 1.4 percent. Saudi Arabia’s market is closed for the weekend.

Ahli United Bank BSC (AUB BI): The Bahrain-based lender said second-quarter profit rose to $84.4 million from $70.2 million a year earlier. The shares were unchanged at $0.72.

First Gulf Bank PJSC (FGB) : The United Arab Emirates lender controlled by Abu Dhabi’s ruling family said second- quarter profit rose 13 percent to 890 million dirhams ($242 million). The shares were unchanged at 17.75 dirhams.

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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