By Ateeq Shariff
Nov 19 (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 .ADI advanced 0.8%, led by a 1.7% gain by Emirates Telecommunications ETISALAT.AD and a 0.7% rise in the United Arab Emirates' largest bank, First Abu Dhabi Bank FAB.AD.
International Holding IHC.AD 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 .TASI extended gains for a third day, to end 0.6% higher.
The kingdom's largest petrochemical maker, Saudi Basic Industries 2010.SE, rose 2.4%. Savola Group 2050.SE was up 3.2%.
Among other stocks, Al Kathiri Holding 3008.SE soared 9.9%, to become the top gainer on the index. The shares were moved to the main market on Nov. 3, and since then have risen over 86%.
The Dubai index .DFMGI closed up 0.7%. Emaar Properties EMAR.DU gained 1.7%; Emirates NBD ENBD.DU was up 0.4%.
Air Arabia AIRA.DU added 1.5%, a day after the budget airliner announced an order for 120 Airbus A320neo-family jets in a deal worth about $14 billion.
The contractor Arabtec Holding ARTC.DU gained 3.5% after seeing its biggest fall in six months the day before on third-quarter losses.
On Tuesday, its unit Arabtec Construction won a 366 million-dirham ($99.65 million) construction contract in Egypt.
After trading hours, Dubai Islamic Bank DISB.DU called s board meeting on Nov. 25 to discuss acquisition of Noor Bank. The sharia-compliant lender was down 0.4%.
The Qatari index .QSI rose 0.4% with Qatar Islamic Bank QISB.QA and Masraf Al Rayan MARK.QA rising 1.3% and 0.8% respectively.
Outside the Gulf, Egypt's blue-chip index .EGX30 traded in the red for the second day. The index was down 0.5% with Commercial International bank COMI.CA losing 0.3% and El Sewedy Electric SWDY.CA dropping 1.8%.
Exchange data on Tuesday showed Egyptian and Arab investors were net sellers of Egyptian stocks.
The index .TASI rose 0.6% to 8,045 points
The index .ADI was up 0.8% to 5,087 points
The index .DFMGI gained 0.7% to 2,701 points
The index .QSI added 0.4% to 10,340 points
The index .EGX30 down 0.5% to 14,313 points
The index .BAX was up 0.3% at 1,507 points
The index .MSI was flat at 4,087 points
The index .BKP increased 0.5% to 6,309 points
($1 = 3.6727 UAE dirham)
(Reporting by Ateeq Shariff in Bengaluru)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.