MIDEAST STOCKS- #Kuwait leads most of Gulf lower; Egypt edges up - Reuters

MIDEAST STOCKS-Kuwait leads most of Gulf lower; Egypt edges up - Reuters:

Most bourses in the Gulf ended lower on
Wednesday, ahead of Eid Al-Adha holidays, with Kuwaiti shares
falling the most as investors shunned stocks across the board.

Many investors prefer to cash in holdings ahead of the Eid
holiday, which lasts for at least three days in most Gulf
countries.

In Kuwait, the index declined 1.3% as most of its
constituents ended in negative territory, including Kuwait
Finance House, which was down 2.4%.

Dubai's main share index dropped 0.7%, with the
country's biggest sharia-compliant lender Dubai Islamic Bank
and blue-chip developer Emaar Properties
both shedding 0.8%.

Emirates Integrated Telecommunications (du)
retreated 1.4% as the stock traded ex-dividend.

In Abu Dhabi, the index lost 0.5%, driven down by a
1.5% drop in Emirates Telecommunications Group and
a 0.4% decrease in First Abu Dhabi Bank (FAB).