Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

BBK, Kuwait National, Saudi Industrial: Gulf Equity Preview

Don't Miss Out —
Follow us on:

May 31 (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 retreated 0.6 percent, while Abu Dhabi’s ADX General Index advanced 0.5 percent. Qatar’s QE Index declined 0.2 percent.

Kuwait National Airlines Co. (KNA KK): Shareholders of the holding company voted to postpone a decision to raise capital to 65 million dinars ($236 million), pending an agreement with Kuwait’s Aviation Lease & Finance Co. (ALAFCO KK) on its demands. Kuwait National shares tumbled 12 percent to 19 fils when they last traded May 15. Aviation Lease was unchanged at 340 fils.

National Bank of Bahrain (NBB BI) and BBK (BBK BI): The Bahraini banks had their credit ratings cut at Moody’s Investors Service with a negative outlook. National Bank, the oldest commercial lender in the country, rose 1.7 percent to 0.59 dinar. BBK, the bank formerly known as Bank of Bahrain & Kuwait, was unchanged at 0.42 dinar when the shares last traded on May 26.

Saudi Electricity Co. (SECO AB): The state-controlled utility awarded a contract valued at 444.5 million riyals ($119 million) to a local company to build a power line linking the Jazan and Najran provinces, the Saudi Press Agency reported. The shares rallied 4.4 percent to 14.4 riyals.

Saudi National Petrochemical Co. (PETROCH AB): The company known as Petrochem said a study for the proposed merger with Saudi Industrial Investment Group (SIIG AB) is postponed “until the Saudi Polymers Company has reached a stable level of production.” Petrochem climbed 0.4 percent to 22.95 riyals and Saudi Industrial declined 0.8 percent to 23.7 riyals.

To contact the reporter on this story: Zahra Hankir in Dubai at

To contact the editor responsible for this story: Claudia Maedler at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.