Emirates NBD, Bank Dhofar, Qatar Navigation: 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) and Abu Dhabi’s ADX General Index (ADSMI) retreated 0.2 percent, while Qatar’s benchmark index gained 0.1 percent.

Emirates NBD PJSC (EMIRATES) : The United Arab Emirates’ biggest bank by assets reported an 85 percent jump in second- quarter profit to 744 million dirhams ($203 million) as investment income increased and loan loss charges dropped. Profit fell short of estimates. The shares fell 2.4 percent to 4.10 dirhams.

Bank Dhofar SAOG (BKDB) : Oman’s second-largest bank by market value said the Primary Court in Muscat ruled in its favor in a case filed by Oman International Bank and others. The shares fell 1.9 percent to 0.556 rials.

Grand Real Estate Projects (GRAND KK): The Kuwaiti real- estate developer hired a consultant to restructure capital and said its losses exceeded 75 percent of capital at the end of March. The shares were unchanged at 17.5 fils.

Qatar Navigation (QNNS) : The Qatari freight transporter said first-half profit fell by more than a half to 418 million riyals ($115 million) after a one-time non-cash accounting adjustment. The shares dropped 0.4 percent to 79.3 riyals.

To contact the reporters on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

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

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