MIDEAST STOCKS-GFH Financial rises on stake sale; Dubai lacklustre | Reuters:
"Shares in GFH Financial Group rose on Tuesday after the Islamic investment bank said it had agreed to sell a 10 percent stake in Bahraini cement producer Falcon Cement Co.
GFH's Dubai-listed shares rose 2.3 percent. It has yet to trade in Bahrain, which opens for trading at 0700 GMT.
GFH will sell the Falcon Cement stake to Integrated Capital, the capital markets arm of Abu Dhabi Financial Group. Integrated Capital also expressed interest in underwriting a proposed initial public offer of shares by Falcon on the Bahrain bourse later this year, according to a GFH statement on Tuesday."
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