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Gulf Investment, Boubyan, Shuaa: Persian Gulf Equity Preview

June 27 (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 lost 1.1 percent. Saudi Arabia’s Tadawul All Share Index gained 0.9 percent, while Abu Dhabi’s measure rose 0.1 percent.

Boubyan Petrochemicals Co. (BPCC KK): The Kuwaiti company posted a full-year profit of 22.8 million dinars ($83 million) in the fiscal year ending April 30 compared with 21.4 million dinars a year earlier. The shares were unchanged at 580 fils.

Gulf Investment House (GIH KK): The company said it concluded an agreement to restructure 49.5 million dinars of debt. The shares gained 7.8 percent to 34.5 fils when they last traded on June 21.

Shuaa Capital PSC (SHUAA UH): The investment bank controlled by Dubai’s ruler plans to seek shareholders approval to change the composition of its board by allowing more nationals from the Gulf Cooperation Council countries. The shares decreased 2 percent to 96 fils.

To contact the reporters on this story: Alaa Shahine in Dubai at asalha@bloomberg.net; 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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