Mideast Stocks: Dubai snaps winning streak, ex-dividend stocks hurt Saudi | ZAWYA MENA Edition:
The Dubai stock market slid in early trading on Wednesday, snapping nine days of gains, while Saudi Arabia dropped as some of its stocks traded ex-dividend.
The Dubai index slipped 0.2 percent, with Emirates Integrated Telecommunications sliding 1.2 percent and Ajman Bank losing 3.6 percent.
Emirates NBD said it would sell 127.5 million shares in Network International for proceeds of 554.5 million pounds ($724.95 million) through a secondary listing of the shares on the London Stock Exchange and to Mastercard.
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