MIDEAST STOCKS-UAE shares resume bull run; Qatar, Egypt slip | Reuters:
"* Union Properties leads Dubai up on foreign ownership change
* Qatar's Nakilat falls after Q4 earnings disappoint
* Qatar Islamic Bank tumbles as it goes ex-dividend
* But strong Mesaieed Petrochemical debut expected on Wednesday
* Moody's report hits Egyptian banks
By Nadia Saleem and Raya Atallah
DUBAI, Feb 25 (Reuters) - United Arab Emirates stock markets surged on Tuesday, resuming their bullish momentum after a sluggish start to the week, while weak earnings ahead of a new share listing weighed on Qatar. Other regional markets were mixed.
Dubai's index rose 1.8 percent, taking its 2014 gains to 24.5 percent - though it has remained in a range since hitting a five-year high on Feb. 17.
Shares in Union Properties led trading volumes and jumped 5.0 percent. The firm on Monday proposed increasing the limit on foreign investors' ownership of it to 25 percent.
Firms in the UAE and Qatar are preparing for an upgrade of their markets to emerging market status by index compiler MSCI, which will take place at the end of May. This is expected to draw about $500 million worth of passive foreign funds to each market, and more money in other types of funds."
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