MIDEAST STOCKS-Property, bank stocks lift UAE bourses, other mkts muted | Reuters:
"* Dubai's Shuaa Capital surges on hopes for lucrative IPO deals
* Abu Dhabi's TAQA falls for second day since posting 2013 loss
* Qatar Islamic Bank gains on Turkey acquisition plan
* Batelco rises after bond buyback proposal
By Olzhas Auyezov
DUBAI, March 26 (Reuters) - Banks and property stocks lifted Dubai and Abu Dhabi's markets on Wednesday, while other regional bourses were little moved.
Dubai's bourse added 0.9 percent as Emaar Properties and contractor Arabtec Holding rose 0.8 and 2.8 percent respectively.
Investment bank Shuaa Capital was the top gainer, surging 14.7 percent on bets it may benefit from an expected increase in initial public offerings in the United Arab Emirates. Shuua's trading volume was its largest of 2014.
The UAE government has indicated it will soon approve a long-awaited companies law that analysts hope will cut the minimum free float in IPOs to 30 percent from 55 percent at present."
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