Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Emaar Economic City, Kingdom, Sabic, Q-tel: 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 measure advanced 0.7 percent to 7,549.55, while Saudi Arabia’s Tadawul All Share Index declined 2 percent. Kuwait Stock Exchange Index fell 1.4 percent.

Abdullah Al Othaim Markets (AOTHAIM AB): The Saudi Arabian supermarket operator said first-quarter profit almost doubled to 31.7 million riyals ($8.5 million), according to a company statement on the Saudi bourse Web site. The shares climbed 2.5 percent to 61.25 riyals.

Alujain Corp. (ALCO AB): The Saudi industrial investment company said its first-quarter loss narrowed to 6.67 million riyals from 10.8 million riyals, according to a company statement to the local bourse. The shares fell 0.5 percent to 18.9 riyals.

Emaar Economic City (EMAAR AB): The developer of King Adbullah Economic City in Saudi Arabia said its first-quarter loss narrowed to 53.5 million riyals from 62.3 million riyals in the year-earlier period. The shares slid 1.6 percent to 9.35 riyals.

Etihad Etisalat Co. (EEC AB): Saudi Arabia’s second-largest mobile-phone company said first-quarter profit advanced 49 percent to 714 million riyals as the number of subscribers for internet and telephone services increased. The shares climbed 1 percent to 51.5 riyals.

Kingdom Holding Co. (KINGDOM AB): The investment company owned by Saudi billionaire Prince Alwaleed bin Talal said first-quarter profit advanced 50 percent to 75.2 million riyals. The shares advanced 9.7 percent to 10.15 riyals.

National Central Cooling Co. (TABREED UH): The air-conditioning company known as Tabreed said its board will consider alternatives to annual distribution payments on 1.7 billion dirhams ($463 million) of certificates maturing in 2011. The board will meet on April 25. The shares dropped 0.5 percent to 44.6 fils.

Qatar Telecom QSC (QTEL QD): Qatar’s biggest phone-service provider is seeking $2 billion in loans to refinance a credit line it obtained in 2009, according to people familiar with the matter.

Separately, Qatar Telecom and Vodafone Qatar QSC (VFQS QD) will be included in the nation’s rebranded benchmark index starting May 6. Q-tel shares rose 0.2 percent to 152.7 riyals, while Vodafone’s shares were unchanged at 8.35 riyals.

Qatar Electricity & Water Co. (QEWS QD) and Gulf International Services QSC (GISS QD) and Qatar Insurance Co. (QATI QD) will also be members of the QE Index, while Qatar Meat & Livestock Co. (QMLS QD), Gulf Warehousing (GWCS QD) Medicare Group (MCGS QD) Qatar Islamic Insurance (QISI QD) and Qatar Fuel Co. (QFLS QD) will be excluded.

Qatar Insurance Co. (QATI QD): The insurer said first-quarter earnings rose to 216.6 million riyals ($59.5 million) from 212 million riyals in the year-earlier period. The shares gained 1.1 percent to 67.4 riyals.

Rabigh Refining and Petrochemicals Co. (PETROR AB): The joint venture between state-owned Saudi Aramco and Sumitomo Chemical Co. of Japan reported first-quarter profit of 271.5 million riyals, after a loss of 28.7 million riyals in the year-earlier period. The shares declined 3.2 percent to 35.8 riyals.

Saudi Basic Industries Corp. (SABIC AB): The world’s largest petrochemical maker known as Sabic signed an agreement to build a research center with King Abdullah University of Science and Technology. The shares retreated 2.9 percent to 99 riyals.

Saudi Public Transport Co. (SAPTCO AB): The Saudi Arabian bus operator known as Saptco said its first-quarter loss narrowed to 8.5 million riyals from 9 million riyals a year earlier. The shares declined 1.2 percent to 8.2 riyals.

Saudi Research & Marketing Group (RESEARCH AB): The newspaper publisher said first-quarter profit dropped 28 percent to 14.8 million riyals. The shares lost 2.3 percent to 25.6 riyals.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.