Monday 7 February 2011

MIDEAST STOCKS-Zain Saudi up as Kingdom extends deal deadline | Reuters

Zain Saudi Arabia (7030.SE) hit a three-week high on Monday after Kingdom Holding 4280.SE extended the deadline for its offer to buy a stake in the telecoms operator.

Middle East markets were mixed, with investors cautious as they await further developments in Egypt.

Zain Saudi climbed 2.9 percent to its highest finish since Jan. 15.

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