Most Middle Eastern equity markets tracked global stocks higher on Thursday, with Egyptian stocks gaining as results from Amer Group AMER.CA boosted confidence in the country's housing sector.
Kuwait's main index fell for a third straight session after a Zain ZAIN.CA shareholder filed a lawsuit to halt due diligence ahead of a planned $12 billion sale of a stake in the telecoms company to Abu Dhabi's Etisalat (ETEL.AD: Quote).
Zain slipped 2.9 percent, helping drag the Kuwait index down 0.47 percent to its lowest since Sept. 28.
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