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Commercial Bank and Herfy Food: Persian Gulf Equity Preview

July 4 (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 advanced 2.4 percent. Qatar’s QE Index climbed 1.4 percent, while Saudi Arabia’s Tadawul All Share Index gained 0.1 percent.

(For Middle East Daybook NI GULFDAYBK BN <GO>)

Commercial Bank International Plc (CBI UH): The United Arab Emirates lender appointed Kris Babicci as chief executive officer. The shares gained 2 percent to 1 dirham when they last traded on June 12.

Herfy Food Services Co. (HERFY AB): The Saudi Arabian fast-food chain received the market regulator’s approval to raise capital by offering one new share for every nine held. The shares decreased 0.9 percent to 86.75 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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