Thursday 26 July 2012

MIDEAST STOCKS-Gulf mkts mixed; Etisalat lifts Abu Dhabi after strong Q2 | Reuters

Gulf markets ended mixed on Thursday in lackluster trade with telcom operator Etisalat helping lift the Abu Dhabi index after strong quarterly results.

In the United Arab Emirates, Etisalat's shares rose 0.7 percent. The telco reported a 17-percent rise in profits in the second-quarter, beating estimates.

Chief Executive Ahmad Julfar told Reuters Etisalat may increase its holding in Saudi Arabia's operator Mobily.

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