Kuwait's Wataniya rose to a two-month high on Wednesday after Qatar Telecom offered to buy remaining stake in the telco for $2.2 billion, while Gulf markets were mixed in muted trade post the holy month of Ramadan.
Shares in Wataniya jumped 4.6 percent to 2.3 dinars on the Kuwait bourse, their highest close since May 19 as it resumed trading after a two-month hiatus.
Qtel already owns 52.5 percent of the firm and is offering 2.6 dinars per share for the stake.
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