MIDEAST STOCKS-Dubai and Saudi bourses lead Gulf gains, Egypt sinks | Reuters:
"Gulf markets mostly gained on Thursday, led by Dubai, which was carried upward by renewed buying of shares in heavyweight Dubai Islamic Bank (DIB) , and Saudi Arabia. The Dubai index closed up 1.9 percent, with gains led by a 5.9 percent spike in DIB shares in heavy trade to 5.07 dirhams following the last day of trade in the bank’s rights issue, which allowed purchases of DIB shares at 3.11 dirhams. Investors had been selling DIB stock to buy the rights before the Wednesday deadline, contributing to its 13 percent decline this year."
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