MIDEAST STOCKS-Abu Dhabi, Qatar rise, but Dubai sags as Eid holiday begins | Reuters:
"The Abu Dhabi stock exchange ended higher on Thursday, helped by shares in sector majors First Abu Dhabi Bank (FAB) and Etisalat, and neighbouring Dubai ended lower as property shares weighed on the exchange. Abu Dhabi’s main index jumped 1.8 percent, as shares in the United Arab Emirates’ biggest lender FAB gained 3.3 percent and Etisalat, one of the country’s two telecoms, rose 2.1 percent. The UAE Central Bank, like most Gulf counterparts, quickly followed the United States Federal Reserve decision to raise its target range for the federal funds interest rate by a quarter of a percentage point, to between 1.75 percent and 2 percent."
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