MIDEAST STOCKS-UAE drops as high-fliers pull back; Saudi edges up | Reuters:
"United Arab Emirates stock markets pulled back on Thursday as Etisalat and Amanat, which had galvanised the bourses in recent days, lost steam. Saudi Arabia edged up on retail investors' buying of second-tier stocks.
Etisalat had surged 5.1 percent on Wednesday and rocketed to its 15 percent daily limit on Tuesday after announcing plans to let institutional investors buy its shares. But it fell 3.5 percent on Thursday, suggesting investors now believed it was fully valued.
Abu Dhabi's main index dropped 1.3 percent. Banks saw selling, with Abu Dhabi Commercial Bank off 2.4 percent."
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