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Emaar Properties and Kuwait Cement: Gulf Equity Preview

March 10 (Bloomberg) -- The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.

The Dubai Financial Market General Index rose 2.2 percent to 1,443.28 and Abu Dhabi’s ADX General Index advanced 1.3 percent.

Emaar Properties PJSC (EMAAR UH): Credit Suisse Group AG cut its price estimate on the builder of the world’s tallest skyscraper in Dubai to 4.32 dirhams from 5.19 dirhams, citing “potential delivery delays in international projects.” The shares surged 4.7 percent to 2.68 dirhams.

Kuwait Cement Co. (KCEM KK): The Gulf state’s biggest publicly traded cement maker by market value posted an increase in full-year profit to 13.36 million dinars ($48 million) from 12.8 million in 2009. The shares fell 1.7 percent to 590 fils when they last traded March 8.

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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