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Bloomberg
Most Middle Eastern stock indexes rose as investors tracked full-year earnings and merger deals.
Egypt’s main gauge advanced to its highest level since November. Global Telecom Holding added 10 percent after majority shareholder Veon Ltd. offered to support the company’s funding requirements and look at taking it private.
Ahli United Bank shares in Bahrain and Kuwait rose after Kuwait Finance House offered to buy the lender in a share-swap deal. Telecom operator Zain Saudi surged after the company posted an unexpected profit. Saudi Basic Industries Corp., which declined as much as 2.2 percent after missing profit estimates, ended the session up 0.5 percent.