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Al Salam, Commercial Bank, Qatar Islamic: Gulf Equity Preview

July 15 (Bloomberg) -- The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

The DFM General Index declined 0.2 percent to close at 1,504.71, while Abu Dhabi’s gauge rose 0.4 percent and the Kuwait SE Price Index gained 0.6 percent. Saudi Arabia’s market is closed for the weekend.

Al Salam Bank BSC (SALAM BI): The Bahrain-based Islamic lender said second-quarter profit dropped to 1.3 million dinars ($3.4 million) from 2.74 million dinars a year earlier. The shares were unchanged at 0.077 rial.

Commercial Bank of Dubai PSC (CBD UH): The United Arab Emirates-based lender posted a 4.6 percent decline in second-quarter profit to 255.3 million dirhams ($69.5 million) from a year ago. The shares fell 1.7 percent to 2.95 dirhams when they last traded on July 13.

National Bank of Oman Ltd. (NBOB OM): The sultanate’s second-biggest bank by assets posted an 8.5 percent increase in first-half profit to 14.6 million rials ($38 million). Second-quarter income was 8 million riyals, it said without giving comparative numbers for the year-ago period. The shares advanced 0.3 percent to 0.33 rial.

Qatar Islamic Bank (QIBK QD): The Gulf state’s biggest lender complying with Shariah rules posted a 35 percent drop in second-quarter profit that fell short of analyst estimates. The shares rose 1.5 percent to 75 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at

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

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