MIDEAST STOCKS-Gulf markets little changed, Arabtec's rise slows | Reuters:
"Gulf stock markets were little changed in early trade on Wednesday as they digested gains made over several days, but trading volumes were active and general sentiment was positive because of the recent bounce of oil prices.
Dubai's index, which had climbed 1.5 percent on Tuesday, edged up 0.2 percent. The rise in Dubai's Arabtec , the most heavily traded stock, appeared to slow; Arabtec was up 6.7 percent after jumping its 15 percent daily limit on the two previous days.
Arabtec's leg up was triggered by exchange data showing former chief executive Hasan Ismaik had raised his stake to 11.91 percent from 11.81 percent, but there has been no further increase in the stake since then, and it is not clear whether Ismaik's action has any long-term significance for the company."
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