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Middle East Stocks Mostly Rise With U.S. Stocks, Oil Prices

A list of stock prices rising and declining in value
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MidEast shares mostly advanced, in line with gains on Wall Street on Wednesday and rising oil prices .

Abu Dhabi got an additional boost to its highest level since mid-August from a rally in First Abu Dhabi Bank, which breached technical resistance.

In company news, Amlak Finance said it signed a memorandum of understanding with Egypt's Marseilia Group to develop a property project in Cairo.

Glaxo Egypt reported a 26% year-on-year rise in Q3 consolidated net profit.

Saudi Arabia's main index gained 0.7% to 7,277 points, Dubai firmed 0.1% to 3,464 points, Abu Dhabi jumped 1.5% to 4,548 points, Qatar edged up 0.3% to 8,631 points, Egypt slipped 0.4% to 14,782 points, Kuwait rose 0.8% to 6,454 points, Bahrain slumped 1% to 1,312 points and Oman added 0.3% to 5,105 points.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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