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

Aabar, Burgan Bank, Emaar, Zain, Zamil: Gulf Equity Preview

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

The DFM General Index lost 0.5 percent to 1,541.80. Abu Dhabi’s index advanced 0.8 percent and the Kuwait Stock Exchange Index rose 0.4 percent. Qatar’s QE Index gained 1 percent and Oman’s gauge climbed 0.2 percent. The Saudi Tadawul All Share Index fell 1.2 percent to 5,927.45.

Aabar Investments PJSC (AABAR UH): The Abu Dhabi fund that is the largest shareholder in Daimler AG said the board didn’t adopt any resolutions after reviewing financing and investment opportunities. The company said June 1 the board will consider refinancing opportunities for existing debt. The shares were unchanged at 1.71 dirhams.

Bank of Sharjah (BOS UH): The United Arab Emirates’ lender said the board approved buying back 10 percent of its shares. The shares gained 2.4 percent to 1.74 dirhams.

Burgan Bank SAK (BURG KK): The Kuwaiti lender said it will seek approval from investors to sell bonds and will hold a meeting on June 7. The shares were unchanged at 310 fils.

Dhofar International Development & Investment Holding Co. (DIDI OM): The Oman-based investment company said it will increase its stake in Dhofar Insurance to 40 percent from 25 percent. The transaction was approved by the market regulator. The shares rose 3.6 percent to 0.399 rial.

Emaar Properties PJSC (EMAAR UH): Dubai’s largest developer was Deutsche Bank AG’s top pick among United Arab Emirates developers. The shares lost 0.6 percent to 3.2 dirhams.

Mobile Telecommunications Co. (ZAIN KK): Kuwait’s largest mobile telephone operator, known as Zain, agreed with South Africa’s third-biggest mobile phone company, Cell C, on roaming charges. The shares rose 3.1 percent to 1,340 fils when they last traded on May 27.

Saudi Electricity Co. (SECO AB): Saudi Arabia’s state-controlled power producer will introduce new tariffs for electricity as of July 1, to generate more than 3 billion riyals ($800 million) in revenue a year. The shares rose 9.8 percent to 11.8 riyals.

United Industries Co. (UIC KK): Shareholders of the industrial investment unit of Kuwait Projects Co. approved a capital increase to 49.5 million dinars ($170 million). The shares fell 1.2 percent to 84 fils.

Zamil Industrial Investment Co. (ZIIC AB): The Saudi maker of building materials, air conditioners and steel said Abdulrahman Al-Zamil was reelected chairman. The shares fell 3.8 percent to 40.5 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.