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Article: KuwaitAEs Zain shares soar amid takeover speculation.
- Article from:
- The Daily Star (Beirut, Lebanon)
- Article date:
- August 12, 2009
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Byline: Daily Star Staff
Summary:
Kuwait's Zain made its largest gain in four weeks on Tuesday after the telecoms operator called an extraordinary general meeting for August 31, fueling investor speculation about a possible takeover bid. Most Gulf benchmarks rose, with Qatar and Dubai hitting eight-week closing highs, while Oman's index finished at its highest level since December 1.
DUBAI: Kuwait's Zain made its largest gain in four weeks on Tuesday after the telecoms operator called an extraordinary general meeting for August 31, fueling investor speculation about a possible takeover bid.
Most Gulf benchmarks rose, with Qatar and Dubai ...