Kuwait's Zain climbed to a five-week high on Thursday on talk the telecom firm was closer to a $950 million sale of its stake in Zain Saudi , as regional bourses ended mixed amid uncertainty in global markets.
Zain climbed to at its highest value since Aug. 4 after market talk it was making progress in selling its 25 percent stake in its Saudi affiliate.
"Market rumours have started again that they (Zain) have made progress in selling their stake in Zain Saudi," said Shahid Hameed, Global Investment House regional asset management head.
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