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Industries Qatar and Qatar Industrial: Gulf Equity Preview

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Feb. 17 (Bloomberg) -- The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.

Qatar’s QE Index slumped 1.8 percent, the most since Jan. 30. Bahrain’s BB All Share Index decreased 0.2 percent. Saudi Arabia’s market is closed today for the weekend, while markets in the United Arab Emirates and Kuwait are closed for an Islamic holiday.

Industries Qatar (IQCD QD): The Qatari petrochemicals maker named Energy Minister Mohammed Saleh Al Sada as chairman, Qatar News Agency reported. The shares fell 3 percent to 144 riyals.

Qatar Industrial Manufacturing Co. (QIMD QD): The investor in building materials posted a 40 percent increase in 2010 profit to 202.6 million riyals. The shares dropped 3.1 percent to 56.1 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

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

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