Oct. 24 (Bloomberg) -- The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
The ADX General Index rose 0.8 percent to 2,807.5 at the close in Abu Dhabi. Dubai’s DFM General Index dropped 0.7 percent, Kuwait’s gauge lost 0.8 percent and Bahrain’s measure declined 0.1 percent.
Aamal Co. (AHCS QD): The Qatar-based diversified investment company said its third-quarter profit increased 39 percent to 58.6 riyals ($16 million). The shares were unchanged at 20.6 riyals.
Abdullah A.M. Al-Khodari Sons Co. (ALKHODAR AB): The contracting company won a 189 million-riyal ($50 million) contract from Saudi Arabia’s transportation ministry to develop roads in Najran on the Yemeni border. The shares dropped 2.5 percent to 46.8 riyals.
Al Ahli Bank of Kuwait KSC (ABK KK): The lender said third-quarter profit surged almost four-fold to 15.3 million dinars ($54 million). The shares increased 1.6 percent to 630 fils.
Al-Babtain Power & Telecommunication Co. (ALBABTAI AB): The Saudi Arabia-based supplier of transmission towers acquired LeBlanc Group of Companies’ 49 percent stake in Al-Babtain LeBlanc Telecommunication Systems Ltd. The shares fell 1.1 percent to 28.1 riyals.
BBK (BBK BI): The bank formerly known as Bank of Bahrain and Kuwait sold $500 million of five-year bonds that were priced to yield 337.5 basis points more than the benchmark mid-swap rate. The shares climbed 0.5 percent to 0.432 dinar.
Emirates Telecommunications Corp. (ETISALAT UH): The United Arab Emirates’ largest phone company is confident in obtaining financing to purchase a 46 percent stake in Kuwait’s biggest phone company Mobile Telecommunications Co. and has appointed two financial advisers, the company’s Chairman Mohammed Omran said. The shares advanced 0.9 percent to 11.7 dirhams.
National Bank of Kuwait (NBK KK): The emirate’s biggest lender raised its capital by 10 percent to 360 million dinars and said the capital increase was more than five times oversubscribed. The shares fell 1.4 percent to 1,380 fils.
Waha Capital PJSC (WAHA UH): The Abu Dhabi-based leasing company said third-quarter profit soared to 37 million dirhams in the third-quarter from 2 million dirhams the year earlier. The shares were unchanged at 79 fils.
Zad Holding Co. (ZHCD QD): The Qatar-based importer of wheat posted a 5 percent increase in nine-month profit to 69.5 million riyals. The shares were unchanged at 60.6 riyals.
Zamil Industrial Investment Co. (ZIIC AB): The Saudi maker of building materials said its Steel’s Towers & Galvanizing unit was awarded a 103 million-riyal contract for the fabrication and supply of lattice steel towers for the Munifa Qaisumah power transmission project. The shares decreased 0.8 percent to 38 riyals.
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