MIDEAST STOCKS-Dubai continues leading region; Q2 earnings optimism aids Qatar | News by Country | Reuters:
"Dubai's bourse continued to lead the region up on Wednesday, even though builder Arabtec slowed its advance, while Qatar Gas Transport Co (Nakilat) jumped on strong second-quarter results.
Shares in Arabtec, which had surged 13.6 percent on Tuesday, gained 1.9 percent; trading volume fell by a quarter but was still extremely high and again made Arabtec Dubai's most active stock. The Dubai index also added 1.9 percent.
Arabtec's leap on Tuesday followed a board meeting at Abu Dhabi state fund Aabar Investments, which is a big shareholder; investors have been hoping it could raise its stake in Arabtec from the current 18.94 percent, probably by buying part of the 28.85 percent stake held by former chief executive Hasan Ismaik."
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