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

Air Arabia, Etisalat and First Gulf Bank: Gulf Equity Preview

The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

Abu Dhabi’s ADX General Index and the DFM General Index climbed 1.6 percent, the most since Dec. 14 and April 11, respectively. Oman’s MSM30 Index gained 0.5 percent, the Kuwait Stock Exchange Index increased 1.7 percent and Qatar’s QE Index surged 3.7 percent.

Air Arabia PJSC (AIRARABI UH): The Middle East’s largest low-cost carrier was cut to “neutral” from “overweight” and assigned a price estimate of 1.10 dirhams at HSBC Holdings Plc. The shares gained 0.6 percent to 91.3 fils.

Drake & Scull International PJSC (DSI UH): The Dubai-based mechanical, electrical and plumbing company said its Qatari unit won a contract valued at 140.2 million dirhams ($38 million). The shares gained 0.1 percent to 88.8 fils.

Emaar Properties PJSC (EMAAR UH): The developer of the world’s tallest building, in Dubai, has begun implementing measures to seize properties from buyers who defaulted on payments for residences in Dubai Marina, The National reported. The shares rose 2.9 percent to 3.92 dirhams.

Emirates Telecommunications Corp. (ETISALAT UH): The Egyptian unit of the United Arab Emriates’ biggest phone company will get a loan of 7.2 billion Egyptian pounds ($1.3 billion) arranged by National Bank of Egypt, Banque Misr SAE and National Bank of Abu Dhabi PJSC. The shares rose 0.9 percent to 10.75 dirhams.

First Gulf Bank (FGB UH): The United Arab Emirates lender owned by Abu Dhabi’s ruling family bought back 100,000 shares on May 6 at 18.30 dirhams apiece and 710,000 shares on May 10 at 18.38 dirhams apiece. The company has bought back 28.73 million shares to date, it said. The shares increased 1.7 percent to 18.35 dirhams.

Kuwait Cement Co. (KCEM KK): The Gulf state’s biggest publicly traded cement maker by market value said it had a first-quarter profit of 5 million dinars ($17.3 million) after a loss of 8.9 million dinars in the year-earlier period. The shares advanced 4.7 percent to 670 fils.

Kuwait Projects Co. Holding K.S.C. (KPROJ KK): The country’s biggest privately owned investment firm said first-quarter profit declined 49 percent to 4.7 million dinars. The shares were unchanged at 410 fils.

Kuwait Finance House (KFIN KK): The emirate’s biggest Islamic bank said its Turkish unit plans to open the first branch in Germany. The shares were unchanged at 1,020 fils.

Ras Al Khaimah Ceramics PSC (RAKCEC UH): The U.A.E.-based maker of tiles, toilets, sinks and bathtubs said first-quarter profit rose to 77.86 million dirhams from 67.4 million dirhams the year earlier. The shares fell 0.7 percent to 1.50 dirhams.

Saudi Basic Industries Corp. (SABIC AB): The world’s largest petrochemical maker, known as Sabic, was rated “buy” and assigned a price estimate of 117.6 riyals at Global Investment House KSCC. The shares rose 2 percent to 104 riyals.

Union Cement Co. (UCC UH): The U.A.E.-based cement maker said it had a first-quarter loss of 9.9 million dirhams after a profit of 37.8 million dirhams a year earlier. The shares rose 3.6 percent to 1.45 dirhams.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.