MIDEAST STOCKS-Abu Dhabi surges on Etisalat, rest of Gulf flat | Reuters:
"Abu Dhabi's stock market rose sharply in early trade on Wednesday, boosted by further gains in Etisalat after the telecom operator said it would open its equity up to foreign investors, while other Gulf markets were flat.
Etisalat jumped 13.8 percent to 15.70 dirhams, its highest level since July 2005, two days after it said local and foreign institutions and expatriate individuals would be allowed to buy up to 20 percent of the company. Currently, only UAE individual investors can buy.
The share had risen its 15 percent daily limit on Tuesday, and trading volume in the stock during the first 45 minutes on Wednesday soared to 8 million shares, already the highest daily total since early 2014."
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