Americana, BankMuscat, CBK: 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) fell 0.6 percent, while Kuwait’s measure declined 0.1 percent. Abu Dhabi’s ADX General Index (ADSMI) climbed 0.2 percent. Saudi Arabia’s market is closed for the weekend today.

Air Arabia (AIRARABI) : The Middle East’s biggest low- cost airline said second-quarter profit rose 2 percent to 49.6 million dirhams ($13.5 million). The shares fell 0.6 percent to 67.1 fils.

BankMuscat SAOG (BKMB) : Oman’s biggest bank by assets raised $300 million from a three-year term loan to fund its business. The shares dropped 0.7 percent to 0.719 rial.

Commercial Bank of Kuwait SAK (CBK) : The Kuwaiti lender said second-quarter profit declined to 198,000 dinars ($725,000) from 2.3 million dinars a year earlier. The shares gained 5.8 percent to 920 fils.

Kuwait Food Co. (FOOD KK): The company also known as Americana posted a 1 percent jump in second-quarter profit to 13.4 million dinars. The shares were unchanged at 1,540 fils.

-- With assistance from Zahra Hankir in Dubai. Editors: Shaji Mathew, Susan Lerner

To contact the reporter 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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