Riyad Bank, Saudi Telecom, Zamil Industrial: 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) dropped 0.8 percent and the ADX General Index (ADSMI) fell 0.9 percent. Qatar’s QE Index (DSM) slipped 0.5 percent.

Al Khaliji (KCBK) : The Qatari lender said second-quarter profit more than doubled to 130 million riyals ($36 million). The shares lost 0.4 percent to 17.43 riyals.

Herfy Food Services Co. (HERFY) : The Saudi Arabian fast- food chain posted a 21 percent increase in second-quarter profit to 39.4 million riyals ($11 million) from a year earlier as sales increased. The shares retreated 0.9 percent to 83.5 riyals.

Riyad Bank (RIBL) : Saudi Arabia’s third-largest publicly traded lender by market value will pay a 0.55 riyal a share dividend for the first half of the year. The shares were unchanged at 24.6 riyals.

Saudi Research & Marketing Group (RESEARCH AB): The newspaper publisher said second-quarter profit fell to 33.6 million riyals ($9 million) from 35.3 million riyals a year earlier. The shares retreated 2 percent to 16.9 riyals.

Saudi Telecom Co. (STC) : The Saudi Arabian phone company posted a 9 percent increase in second-quarter profit to 2.26 billion riyals. The shares were unchanged at 35.9 riyals.

Zamil Industrial Investment Co. (ZIIC) : The manufacturer of building materials said second-quarter profit dropped to 48 million riyals from 63 million riyals a year earlier. The shares retreated 1 percent to 30.2 riyals.

To contact the reporter on this story: Zahraa Alkhalisi in Dubai at zalkhalisi@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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