National Gas, Zain Saudi Arabia: 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.

Qatar’s QE Index (DSM) snapped a three-day drop, gaining 0.4 percent to 8,124.12. Abu Dhabi’s ADX General Index (ADSMI) rose 0.3 percent, while Dubai’s DFM General Index (DFMGI) fell 0.4 percent.

National Gas Co. SAOG (NGCI OM): The Omani company that bottles liquefied petroleum gas agreed to divest its stake in National Gulf Cryo LLC by transferring the shares to Kuwait’s Gulf Cryo Holding KCSC. The shares closed unchanged at 0.5 rials when they last traded Aug. 21.

Savola (SAVOLA) : The Saudi Arabian food producer was raised to “overweight” from “neutral” at HSBC Holdings Plc with a share-price estimate of 32 riyals. The stock advanced 0.4 percent to 25.8 riyals.

Zain Saudi Arabia (ZAINKSA AB): The unit of Kuwait’s Mobile Telecommunications Co. selected Alcatel-Lucent for a contract to upgrade its wireless service, according to AMEinfo. The shares fell 0.8 percent to 6 riyals.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.