Emaar Properties and Kuwait Cement: 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.
Emaar Properties PJSC (EMAAR) : Credit Suisse Group AG cut its price estimate on the builder of the world’s tallest skyscraper in Dubai to 4.32 dirhams from 5.19 dirhams, citing “potential delivery delays in international projects.” The shares surged 4.7 percent to 2.68 dirhams.
Kuwait Cement Co. (KCEM) : The Gulf state’s biggest publicly traded cement maker by market value posted an increase in full-year profit to 13.36 million dinars ($48 million) from 12.8 million in 2009. The shares fell 1.7 percent to 590 fils when they last traded March 8.
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