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Tuesday, 4 April 2017

MIDEAST STOCKS-Abu Dhabi leads region, Egypt supported by foreign buyers | Reuters

MIDEAST STOCKS-Abu Dhabi leads region, Egypt supported by foreign buyers | Reuters:

"Stock markets in the Middle East rose on Tuesday with Abu Dhabi gaining the most, buoyed by heavy trade in the shares of a newly merged bank while buying from foreign funds boosted Egypt. Shares of recently merged First Abu Dhabi Bank jumped 4.8 percent in very heavy trade, helping lift Abu Dhabi's index 1.8 percent. Shares of Abu Dhabi National Energy, however, retreated 5.3 percent as investors booked profits after they had soared 24 percent since Sunday."



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