Saudi Arabia’s Tadawul All Share Index tumbled 6.9 percent. AFP PHOTO / FAYEZ NURELDINE
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Stocks in Abu Dhabi led most Middle East markets lower, even as Dana Gas PJSC, an energy explorer based in the United Arab Emirates, soared after winning a court order over unpaid debts.Dana advanced 15 percent, the most in almost a year, to 0.47 dirham at the close in the emirate, saying an international arbiter ordered the Kurdish government to pay the company and its partners about $2 billion for unpaid invoices. It was the most heavily traded stock on Abu Dhabi's ADX General Index, accounting for about 50 percent of the volume. Egypt's EGX 30 Index gained 0.8 percent as of 1:56 p.m. in Cairo and Saudi Arabia's Tadawul All Share Index rose 0.1 percent.Egypt's EGX 30 Index gained the most in the region as Commercial International Bank Egypt SAE climbed 2.8 percent.Kuwait stocks and Qatar's QE Index gained 0.2 percent and 0.3 percent, respectively.
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