Nov. 2 (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 Dubai Financial Market General Index increased 1 percent to 1,781.92, the highest since April. Saudi Arabia’s Tadawul All Share Index advanced 0.2 percent, while Abu Dhabi’s measure retreated 0.5 percent.
Abu Dhabi Ship Building Co. (ADSB UH): The United Arab Emirates maker of military and commercial ships said third-quarter profit almost doubled to 49 million dirhams ($13 million). The shares slipped 0.3 percent to 3.84 dirhams when they last traded on Oct. 26.
Aldar Properties PJSC (ALDAR UH): John Bullough, the chief executive officer of Abu Dhabi’s biggest real-estate developer, left the company. A replacement will be announced after a board meeting on Nov. 8. The shares fell 0.8 percent to 2.59 dirhams.
Al-Hassan GI Shaker Co. (SHAKER AB): The Saudi Arabian cooling systems and home appliances manufacturer said it got a 15.9 million-riyal ($4.2 million) contract from the government. The shares retreated 0.9 percent to 58 riyals.
Commercial Bank of Qatar (CBQK QD): The Persian Gulf country’s second-biggest lender by assets was cut to “neutral” from “overweight” and assigned a price estimate of 90 riyals at HSBC Holdings Plc. The shares rose 0.1 percent to 83 riyals.
Riyad Bank (RIBL AB): Saudi Arabia’s third-largest lender by market value posted a 53 percent increase in provisions for bad loans in the third quarter. The shares retreated 0.4 percent to 26.4 riyals.
Saudi British Bank (SABB AB): The lender 40 percent owned by HSBC said it may sell dollar bonds after meeting investors from Nov. 4. The shares were unchanged at 42 riyals.
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