Al Alamiya, Burgan Bank, Emaar, Kingdom Holding, NBK: 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 rose 1.2 percent to the highest since May 23. The Kuwait SE Price Index and Saudi Arabia’s Tadawul All Share Index advanced 0.2 percent. Qatar’s QE Index slipped 0.1 percent.
Al Alamiya for Cooperative Insurance Co. (ALALAMIY AB): The Saudi Arabian unit of RSA Insurance Group Plc. appointed Hassan Ali Nasser as chief executive officer and managing director. The shares increased 0.7 percent to 28.8 riyals.
Emaar Properties PJSC (EMAAR UH): The developer of the world’s tallest skyscraper in Dubai said its board approved a proposal to sell 200,000 treasury shares the company bought in 2008. The shares climbed 1.6 percent to 3.79 dirhams.
National Bank of Kuwait (NBK KK): Financial adviser Amanda Staveley held meetings with shareholders of Kuwait’s biggest lender for a possible purchase of a 10 percent stake in the bank, Al-Qabas reported, citing people it didn’t identify. The shares were unchanged at 1,460 fils.
Kingdom Holding Co. (KINGDOM AB): The investment company controlled by Saudi billionaire Prince Alwaleed Bin Talal said it sold the Fairmont Copley Plaza in Boston for $100 million. The shares were unchanged at 7.95 riyals.