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Dubai’s Arabtec, Drake & Scull: Persian Gulf Equity Preview

Sept. 8 (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 0.2 percent, while Abu Dhabi’s ADX General Index dropped 0.2 percent. Saudi Arabia’s market is closed for the weekend.

Arabtec Holding Co. (ARTC UH): The United Arab Emirates’ biggest construction company had its price estimate cut to 1.34 dirhams from 1.47 dirhams at Credit Suisse Group AG. The shares increased 0.7 percent to 1.38 dirhams.

Drake & Scull International (DSI UH): The Dubai-based construction company had its price estimate cut to 1.26 dirhams from 1.3 dirhams at Credit Suisse. The shares advanced 1 percent to 87.2 fils.

Global Investment House KSCC (GLOBAL KK): The Kuwait-based investment bank was cut to “underweight” from “neutral” at HSBC Holdings Plc. The shares rallied 4.2 percent to 37 fils.

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

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

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