MIDEAST STOCKS-Corporate news boosts UAE, Global Telecom leaps in Egypt:
"Corporate news boosted a couple of stocks in the United Arab Emirates on Wednesday, while a leap by Global Telecom and strong international markets lifted Egypt’s blue-chip index sharply.
Trading volumes have generally been low in the Middle East in recent days because of the approach of Eid al-Adha holidays, which began in Saudi Arabia on Wednesday and will start for other markets on Thursday.
But Eshraq Properties climbed 3.6 percent in Abu Dhabi in active trade on Wednesday because of news that it plans to merge with privately held developer Reem Investments.
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'via Blog this'
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