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Dar Al Arkan, Global Investment, Taiba: Gulf Equity Preview

March 29 (Bloomberg) -- The following stocks may rise or fall in Persian Gulf markets. Stock symbols are in parentheses and prices are from the last close.

Dubai’s DFM General Index gained 0.1 percent, while Saudi Arabia’s Tadawul All Share Index slipped 0.2 percent. Abu Dhabi’s ADX General Index decreased 0.5 percent, the most since March 17, to 2,633.57.

Dar Al Arkan Real Estate Development Co. (ALARKAN AB): Saudi Arabia’s second-biggest developer by market value was initiated with an “overweight” recommendation and share-price estimate of 11.2 riyals at NCB Capital. The shares were unchanged at 9.55 riyals.

Global Investment House KSCC (GLOBAL KK): The Kuwait-based bank’s Bahraini unit waived its brokerage fees for buying stocks listed on the Bahrain bourse. The shares retreated 1.2 percent to 43 fils.

Taiba Holding Co. (TIRECO AB): The Saudi Arabian property developer was started with an “overweight” recommendation and 18.8 riyals share-price estimate at NCB Capital. The shares advanced 3.3 percent to 17.05 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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