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.
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.
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