Global, Qatar National, Yanbu: 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.

Saudi Arabia’s Tadawul All Share Index (SASEIDX) gained 1.7 percent and Dubai’s DFM General Index (DFMGI) advanced 0.1 percent. Abu Dhabi’s ADX General Index (ADSMI) slipped 0.1 percent.

Banque Saudi Fransi (BSFR) : The Saudi Arabian lender part-owned by Credit Agricole SA said Calyon Bank’s Alain Massierra resigned from its board. The shares jumped 1.7 percent to 41.1 riyals.

Global Investment House KSCC (GLOBAL) : The Kuwait-based investment bank requested its creditors’ support to defer debt repayments due in December. The shares surged 6.9 percent to 38.5 fils.

Qatar National Bank SAQ (QNBK) : The Persian Gulf country’s biggest bank by assets may have its weighting on the QE Index cut to 15 percent from 22 percent, said two bankers familiar with the discussions. The shares rose 0.2 percent to 141.5 riyals.

Saudi Fisheries (SFICO) Co: The fish-processing company set its rights issue date from Sept. 27 to Oct. 5. The shares rallied 9.9 percent to 26.5 riyals.

Yanbu Cement (YNCCO) : The Saudi Arabian cement-maker said that a production line scheduled to open by the end of this month will be delayed because of a lack of oil and natural gas needed to power its output. The shares declined 1.2 percent to 62.25 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

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