MidEast Stocks Mostly Rise, Saudi Shares Notch 6-Yr High and Dubai Scores Third Straight Gain
MidEast shares mostly rose, with Dubai rising for the third straight session.
Arabtec gained although there was no fresh news. Reuters reports that retail investors were trading again in the stock for the near-term.
A wave of late buying pushed Saudi stocks to a fresh six-year high. Stocks continue to gain there after Saudi authorities announced plans to allow direct foreign ownership of shares.
Dubai's main index rose 1.7% to 4,820 points, Abu Dhabi added 1.1% to 4,998 points, Qatar firmed 0.5% to 13,137 points, Saudi Arabia inched up 0.2% to 10,597 points, Egypt jumped 1.3% to 9,237 points, Kuwait gained 0.5% to 7,231 points, Bahrain ended flat at 1,488 points and Qatar slipped 0.4% to 7,296 points
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