MIDEAST STOCKS-Markets quiet as Etisalat loses steam, Amanat off high | Reuters:
"Gulf stock markets moved little in quiet early trade on Thursday as the United Arab Emirates' Etisalat and Amanat, which had galvanised UAE bourses in recent days, lost steam.
Etisalat had surged 5.1 percent on Wednesday and rocketed up by its 15 percent daily limit on Tuesday after announcing plans to let institutional investors buy its shares. But it fell back 2.8 percent on Thursday morning, suggesting investors now believed it was fully valued.
Education and healthcare investor Amanat soared 15 percent on Wednesday amid market talk that a local financial firm was aggressively building a stake in the company. It rose a further 3.5 percent to 0.97 dirham in heavy trade on Thursday morning but came off an early high of 0.99 dirham."
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