MIDEAST STOCKS-Emaar lifts Dubai as malls unit IPO pricing nears
Emaar Properties, Dubai's largest listed developer, helped lift the emirate's market in early trade on Tuesday on hopes that it will float its malls unit at the upper and of the announced price range due to strong demand.
MIDEAST STOCKS-Emaar Malls IPO may temporarily siphon more money from Dubai
Dubai's bourse may remain soft on Wednesday as retail investors temporarily take money from the market in order to participate in the initial public offer of Emaar Malls Group (EMG), while Saudi Arabia and Egypt look more positive.
Block trade in Audi shares lifts Beirut bourse
Bank Audi once again made a big splash in the dormant Beirut bourse when 17 million shares valued at more than USD 102 million changed hands.