Thursday 13 September 2012

STOCKS NEWS MIDEAST-Etisalat lifts Abu Dhabi to 6-mth high; Gulf mixed - Yahoo! News Maktoob

Abu Dhabi's etisalat helps lift the UAE capital's index to a six-month high after the telecom operator sold a stake in Indonesia's PT XL Axiata.
Shares in etisalat gain 1.1 percent to their highest close since June 25. The Gulf's No.2 operator said it raised about $510 million from the sale of a 9.1 percent stake in Axiata. It has retained a 4.2 percent holding.
Abu Dhabi's measure finishes 0.3 percent higher at 2,609 points, its highest close since March 15.

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