Riyad Bank, Saudi Telecom, Zamil Industrial: 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.
Al Khaliji (KCBK) : The Qatari lender said second-quarter profit more than doubled to 130 million riyals ($36 million). The shares lost 0.4 percent to 17.43 riyals.
Herfy Food Services Co. (HERFY) : The Saudi Arabian fast- food chain posted a 21 percent increase in second-quarter profit to 39.4 million riyals ($11 million) from a year earlier as sales increased. The shares retreated 0.9 percent to 83.5 riyals.
Riyad Bank (RIBL) : Saudi Arabia’s third-largest publicly traded lender by market value will pay a 0.55 riyal a share dividend for the first half of the year. The shares were unchanged at 24.6 riyals.
Saudi Research & Marketing Group (RESEARCH AB): The newspaper publisher said second-quarter profit fell to 33.6 million riyals ($9 million) from 35.3 million riyals a year earlier. The shares retreated 2 percent to 16.9 riyals.
Saudi Telecom Co. (STC) : The Saudi Arabian phone company posted a 9 percent increase in second-quarter profit to 2.26 billion riyals. The shares were unchanged at 35.9 riyals.
Zamil Industrial Investment Co. (ZIIC) : The manufacturer of building materials said second-quarter profit dropped to 48 million riyals from 63 million riyals a year earlier. The shares retreated 1 percent to 30.2 riyals.
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