MidEast Shares Mixed, Dubai Firms Ahead of IPO of Emaar Properties' Malls Unit - NASDAQ.com:
"MidEast stocks were mixed, with Dubai slipping as Thursday is the last day investors can sell stock and subscribe to the IPO of Emaar Properties' malls business.
Subscription closes on Friday and sources familiar with the matter told Reuters on Wednesday that the institutional tranche had been subscribed 7.5 times at the top end of the 2.50-2.90 dirham price range. Institutional investors were net sellers of stocks on Thursday, according to bourse data.
Meanwhile, Saudi shares rebounded a bit after two days of declines on news National Commercial Bank will float in October."
'via Blog this'
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