Qatar Insurance, Saudi British 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.

Dubai’s DFM General Index (DFMGI) gained 0.4 percent and Abu Dhabi’s ADX General Index (ADSMI) climbed less than 0.1 percent. Saudi Arabia’s Tadawul All Share Index (SASEIDX) fell 0.5 percent to 6,061.53.

Qatar Insurance Co. (QATI) : The company that offers non- life insurance and reinsurance was initiated with an “add” recommendation at Beltone Financial, which set its price estimate at 90.29 riyals. The shares rose 1.9 percent to 81 riyals.

Saudi British Bank (SABB) : The lender 40 percent owned by HSBC Holdings Plc (HSBA) was raised to “overweight” from “equal- weight” at Morgan Stanley. The shares tumbled 3.6 percent to 40.5 riyals.

To contact the reporters on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net; Zahra Hankir in Dubai at zhankir@bloomberg.net

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

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