Tuesday 30 September 2014

MidEast Stocks Mostly Rise, Qatar Slips on Positioning Ahead of Benchmark Index Changes - NASDAQ.com

MidEast Stocks Mostly Rise, Qatar Slips on Positioning Ahead of Benchmark Index Changes - NASDAQ.com:



"MidEast shares were mostly higher, but Qatar fell to a four-week low as investors adjusted positions ahead of changes in the benchmark composition.



Ezdan Holding and Mazaya Qatar will replace Al Khaliji Bank and Al Meera Consumer Goods Co, in the benchmar index on Wednesday.



Dubai's market rose. Emaar Properties subsidiary Emaar Malls Group said on Monday it had raised $1.58 billion in an IPO amid massive demand from investors, making it the largest stock offering in a Gulf Arab economy since 2008."



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