MIDEAST STOCKS-Abu Dhabi's Aldar at 4-year high; Egypt hits 8-week low | Reuters

MIDEAST STOCKS-Abu Dhabi's Aldar at 4-year high; Egypt hits 8-week low | Reuters:



"* Aldar surges as firm mulls floating subsidiary



* Egypt down 15 pct from March 26's five-year peak



* Some blue chips plunge nearly 10 pct on Sunday



* Dubai drops for first session in six



* Saudi Arabia earnings have little impact



By Matt Smith

DUBAI, April 6 (Reuters) - Abu Dhabi's Aldar Properties hit a four-year high on Sunday after it unveiled tentative plans to float a subsidiary, lifting the emirate's bourse, while Egypt's market slumped to an eight-week low.



Other Middle East markets were muted as Saudi Arabia investors showed little reaction to a slew of first-quarter earnings, and Dubai eased from Thursday's five-year peak.



In Abu Dhabi, Aldar surged 5.1 percent to its highest close since May 2010. The state-run developer said it might float property management unit Khidmah through an initial public offer sometime in coming years."



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