Aabar Investments, Agility, Du, Weqaya for Takaful: Gulf Equity Preview
The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
Dubai’s DFM General Index rose 0.6 percent, ending five days of declines, to 1,469.98. Qatar’s QE Index retreated 0.8 percent and Abu Dhabi’s gauge decreased 0.2 percent. Saudi Arabia’s Tadawul All Share Index declined for a fifth day, losing 1 percent to 6,033.91.
Aabar Investments PJSC (AABAR UH): The largest shareholder in Daimler AG began syndicating a $2 billion loan, Reuters reported, citing bankers close to the deal. The shares advanced 5.1 percent to 1.44 dirhams.
Agility (AGLTY KK): The Middle East’s largest storage and logistics company may report a profit of about 29.2 million dinars ($100.5 million), or 29 fils a share, for the first half, Al-Qabas reported, citing people familiar with the matter. The shares slumped 7.9 percent to 290 fils.
Emirates Integrated Telecommunications Co. (DU UH): The phone company also known as Du will offer customers faster internet access without raising rates after a network upgrade, Gulf News reported, citing Chief Commercial Officer Fareed Faraidooni. The shares gained 1 percent to 1.98 dirhams.
Weqaya for Takaful Insurance & Reinsurance Co. (WEQAYA AB): The Saudi insurance company got regulatory approval to sell group protection insurance policies. The shares declined 0.3 percent to 19.15 riyals.