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Kingdom, Red Sea, Saudi Electricity, Zain: 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 Dubai Financial Market General Index gained 0.5 percent. Saudi Arabia’s Tadawul All Share Index fell 0.3 percent and Qatar’s gauge decreased 0.9 percent.

Al Khaleej Training and Education Co. (ALKHLEEJ AB): The information technology trainer said fourth-quarter profit fell to 19.8 million riyals ($5.3 million) from 25.2 million riyals. The shares dropped 0.6 percent to 46.6 riyals.

Bank Al-Jazira (BJAZ AB): The smallest Saudi Arabian lender by market value said its fourth-quarter loss narrowed to 27 million riyals from 266 million riyals in the year-earlier period. The shares declined 0.9 percent to 17.15 riyals.

Mobile Telecommunications Co. (ZAIN KK): Kuwait’s biggest phone Operator will look to expand in emerging markets if a planned deal to sell a 46 percent stake to Emirates Telecommunications Corp. falls through, Chief Operating Officer Barrak al-Sabeeh said. The shares retreated 1.4 percent to 1,440 fils.

Kingdom Holding Co. (KINGDOM AB): The investment company controlled by Saudi billionaire Prince Alwaleed Bin Talal said fourth-quarter profit climbed 51 percent to 234.6 million riyals. The shares were unchanged at 9.25 riyals.

Red Sea Housing Services Co. (REDSEA AB): The Saudi Arabian provider of prefabricated housing reported a 2.4 percent decline in fourth-quarter profit to 22.4 million riyals on taxes and foreign levies. The shares slipped 0.9 percent to 57.75 riyals.

Saudi Cement Co. (SACCO AB): The manufacturer of building materials said fourth-quarter profit rose 4.5 percent to 152 million riyals. The shares lost 0.6 percent to 49.5 riyals.

Saudi Electricity Co. (SECO AB): The state-controlled utility said its fourth-quarter loss narrowed to 295 million riyals from 532 million riyals the year earlier after the Arab world’s biggest economy introduced new power tariffs. The shares gained 0.7 percent to 14.1 riyals.

Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO AB): The company known as Spimaco said fourth-quarter profit rose 20 percent to 70 million riyals. The shares slipped 0.5 percent to 38.8 riyals.

Savola Azizia United Co. (SAVOLA AB): The Saudi food producer said fourth-quarter profit fell to 2 million riyals from 268.6 million riyals a year-ago. The shares retreated 0.3 percent to 32.6 riyals.

Southern Province Cement Co. (SOCCO AB): The Saudi cement maker reported a 9 percent decline in fourth-quarter profit to 165 million riyals. The shares fell 2 percent to 61.25 riyals.

Tourism Enterprise Co. (TECO AB): The manager of Saudi Arabia’s Palm Beach Resort had a fourth-quarter profit of 189,706 riyals after a loss of 3 million riyals a year earlier. The shares advanced 2.6 percent to 23.45 riyals.

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