Thursday 24 May 2018

MIDEAST STOCKS-Qatar market up on foreign ownership hopes, other markets flat | Reuters

MIDEAST STOCKS-Qatar market up on foreign ownership hopes, other markets flat | Reuters:

"Qatari stocks led regional gains on Thursday after the government announced it was moving ahead with a draft law to allow full foreign ownership of companies.

Qatar’s index rose 0.6 percent, despite lingering questions about how the plan differed from a similar draft law proposed in 2016. Non-Qatari investors would still be limited to 49 percent stakes in listed companies.

Gains were led by Qatar Islamic Bank, which rose 2.1 percent."



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