Middle East Stocks Mixed, Dubai Rebounds After Arabtec Denies Delisting Talk
MidEast shares were mixed, with Dubai rebounding after Arabtec denied it could delist.
However, plans by major shareholder, Abu Dhabi state fund Aabar Investments,remain unclear. Aabar cut its stake to 18.85% from 21.57% and has declined to comment on what its future plans with Arabtec are.
Dubai's main index jumped 3.7% to 4,837 points, Abu Dhabi added 1.1% to 4,932 points, Qatar firmed 0.5% to 12,979 points, Egypt gained 0.4% to 8,746 points, Saudi Arabia slipped 0.5% to 9,827 points, Kuwait shed 0.5% to 7,244 points, Bahrain edged up 0.2% to 1,460 points and Oman dipped 0.2% to 6,908 points.
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