The following stocks may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close.
The QE Index advanced 1.8 percent to 8,779.49, the highest since September 2008. The Dubai Financial Market General Index decreased 0.9 percent. Saudi Arabia’s market is closed for the weekend.
Abu Dhabi Commercial Bank PJSC (ADCB UH): The third-largest bank in the United Arab Emirates by assets was cut to “underweight” from “overweight” and assigned a share-price estimate of 2.02 dirhams at Taib Bank. The shares fell 0.4 percent to 2.30 dirhams.
Kuwait Finance House (KFIN KK): The country’s largest Islamic bank made an early payment of $250 million on borrowings. The shares were unchanged at 1,160 fils.
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