MIDEAST STOCKS-Qatar climbs on higher ownership ceilings, rest of region subdued | ZAWYA MENA Edition:
"Qatar's stock market kept rising sharply early on Tuesday after two top companies said they were raising their ceilings for foreign ownership, while other Gulf markets were much more subdued.
The Qatari stock index, which had soared 5.0 percent on Monday, added a further 2.1 percent. Qatar National Bank, which had risen its 10-percent daily limit on Monday, climbed 7.0 percent. The bank said on Monday that it would recommend to shareholders increasing its non-Qatari ownership ceiling to 49 percent of capital from 25 percent, a step which would increase its weighting in emerging market equity indexes, attracting fresh flows of foreign funds.
Industries Qatar gained 5.9 percent on Tuesday morning after leaping 10 percent on Monday. On Tuesday, the company said it had increased its foreign ownership limit to 49 percent from 25 percent."
'via Blog this'
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