MIDEAST STOCKS-Dubai hits 4-month high, top lender elevates Egypt | Reuters:
Dubai's stock market hit a four-month high on Monday, partly lifted by its largest lender Emirates NBD as one of its businesses prepares to list on the London Stock Exchange, while Egypt was boosted by its top lender Commercial International Bank.
The Dubai index rose 2.4 percent with Emirates NBD climbing 4.5 percent to a 10-month high.
Payments processor Network International said shares in its Initial Public Offering (IPO) would be priced at between 395 pence and 465 pence each, implying a valuation of between 1.9 billion pounds and 2.3 billion pounds ($2.5-3.0 billion).
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