MIDEAST STOCKS-Abu Dhabi outperforms as major Gulf markets rise - Reuters:
Abu Dhabi stocks outperformed other Gulf
markets on Tuesday, led by financial-services and telecoms
shares, while Egypt was hit by sell-off among blue chips.
The Abu Dhabi index advanced 0.8%, led by a 1.7% gain
by Emirates Telecommunications and a 0.7% rise in
the United Arab Emirates' largest bank, First Abu Dhabi Bank
.
International Holding jumped 4.8%. After the market
closed, the aquaculture company said that it was calling off an
acquisition of SHUAA Capital International.
Saudi Arabia's benchmark index extended gains for a
third day, to end 0.6% higher.
The kingdom's largest petrochemical maker, Saudi Basic
Industries, rose 2.4%. Savola Group was up
3.2%.
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