Al Khaleej, Savola and Tourism Enterprise: Gulf Equity Preview
The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
The Dubai Financial Market General Index gained 0.5 percent. Saudi Arabia’s Tadawul All Share Index fell 0.3 percent and Qatar’s gauge decreased 0.9 percent.
Al Khaleej Training and Education Co. (ALKHLEEJ AB): The information technology trainer said fourth-quarter profit fell to 19.8 million riyals ($5.3 million) from 25.2 million riyals. The shares decreased 0.6 percent to 46.6 riyals.
Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO AB): The company known as Spimaco said fourth-quarter profit rose 20 percent to 70 million riyals. The shares slipped 0.5 percent to 38.8 riyals.
Savola Azizia United Co. SAVOLA AB): The Saudi food producer said fourth-quarter profit fell to 2 million riyals from 268.6 million riyals a year-ago. The shares retreated 0.3 percent to 32.6 riyals.
Southern Province Cement Co. (SOCCO AB): The Saudi cement maker reported a 9 percent decline in fourth-quarter profit to 165 million riyals. The shares fell 2 percent to 61.25 riyals.
Tourism Enterprise Co. (TECO AB): The manager of Saudi Arabia’s Palm Beach Resort said it had a fourth-quarter profit of 189,706 riyals from a loss of 3 million riyals a year earlier. The shares gained 2.6 percent to 23.45 riyals.
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