By Zahra Hankir www.bloomberg.net
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 (DFMGI) lost 1.8 percent, the most since May 23. Abu Dhabi’s ADX General Index (ADSMI) was little changed. Saudi Arabia’s market is closed for the weekend.
Aldar Properties PJSC (ALDAR) : Abu Dhabi’s biggest real estate developer was assigned a “hold” recommendation and price estimate of 1.51 dirhams at Global Investment House. The shares dropped 1.5 percent to 1.35 dirhams.
Emaar Properties PJSC (EMAAR) : The developer of the world’s tallest skyscraper was started with a “strong buy” recommendation and assigned a price estimate of 3.91 dirhams at Global, which cited earnings growth. The shares retreated 2.8 percent to 3.12 dirhams.
National Bank of Abu Dhabi PJSC (NBAD) : The United Arab Emirates’ second-largest lender by assets was cut to “neutral” from “buy” and had its price estimate raised four percent to 13 dirhams at EFG-Hermes Holding SAE. The shares decreased 0.9 percent to 11.55 dirhams.
Sorouh Real Estate PJSC (SOROUH UH): Abu Dhabi’s second- biggest property developer by market value was started with a “buy” recommendation and a price estimate of 1.52 dirhams at Global. The shares fell 2.2 percent to 1.31 dirhams.
To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net
To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net
