MidEast shares were mixed, with Saudi Arabia and Egypt heading
lower in profit-taking.
In Egypt, Amer Group fell after it said its partner in a hotel
project in Syria had filed an arbitration lawsuit against Amer,
seeking the termination of the contract and compensation of $176
million. Amer said it rejected claims made in the lawsuit.
Qatar gained on expectations for fund inflows when a few local
stocks get higher weightings in MSCI's emerging market
index.Industries Qatar and Qatar National Bank were among the
winners as investors expect passive foreign funds to invest about
$100 million of additional funds in the local market - mostly into
those two stocks - when MSCI increases their weightings in its
emerging market benchmark at the end of this month.
Saudi Arabia's main index slipped 0.6% to 10,843 points, Egypt
fell 1% to 9,403 points, Dubai added 0.1% to 4,970 points, Abu
Dhabi eased 0.05% to 5,079 points, Kuwait dipped 0.04% to 7,389
points, Oman lost 0.2% to 7,342 points, Qatar firmed 0.8% to 13,866
points and Bahrain lost 0.8% to 1,474 points.
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