Monday 9 April 2018

MIDEAST STOCKS-Gulf mixed, Qatar outperforms on rise in foreign ownership ceilings | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf mixed, Qatar outperforms on rise in foreign ownership ceilings | ZAWYA MENA Edition:

"Gulf stock markets were mixed in early trade on Monday with Qatar's index the standout performer after several blue-chip firms raised foreign ownership limits. The Qatar index climbed 1.4 percent with Qatar Electricity and Water Co up 3.5 percent and Industries Qatar 3.0 percent higher. Qatar Islamic Bank was up 2.4 percent. The trio said on Sunday that they were hiking their foreign ownership ceilings to 49 percent from 25 percent, starting on Monday."



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