MIDEAST STOCKS-Dubai hits one-month high, major Gulf markets rise | Reuters:
Dubai’s stock market hit a one-month high on Monday, partly lifted by its largest bank Emirates NBD as one of its businesses prepares to list on the London Stock Exchange, while Qatar rose on back of its blue-chip banks.
The Dubai index added 1.5 percent with Emirates NBD gaining 3 percent.
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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