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Americana, BankMuscat, CBK: Persian Gulf Equity Preview

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 fell 0.6 percent, while Kuwait’s measure declined 0.1 percent. Abu Dhabi’s ADX General Index climbed 0.2 percent. Saudi Arabia’s market is closed for the weekend today.

Air Arabia (AIRARABI UH): The Middle East’s biggest low-cost airline said second-quarter profit rose 2 percent to 49.6 million dirhams ($13.5 million). The shares fell 0.6 percent to 67.1 fils.

BankMuscat SAOG (BKMB OM): Oman’s biggest bank by assets raised $300 million from a three-year term loan to fund its business. The shares dropped 0.7 percent to 0.719 rial.

Commercial Bank of Kuwait SAK (CBK KK): The Kuwaiti lender said second-quarter profit declined to 198,000 dinars ($725,000) from 2.3 million dinars a year earlier. The shares gained 5.8 percent to 920 fils.

Kuwait Food Co. (FOOD KK): The company also known as Americana posted a 1 percent jump in second-quarter profit to 13.4 million dinars. The shares were unchanged at 1,540 fils.

-- With assistance from Zahra Hankir in Dubai. Editors: Shaji Mathew, Susan Lerner

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