MIDEAST STOCKS-Sudan-linked shares jump on sanctions end, DSI boosts Dubai:
"Shares of Sudanese companies listed in the United Arab Emirates soared on Sunday after the United States said it was lifting sanctions on Sudan, while construction firm Drake & Scull led Dubai higher. In Abu Dhabi, Sudatel Telecom rose by its 15 percent daily limit to 0.69 dirham, its highest level since April, in heavy trade. A Dubai-listed Sudanese bank, Al Salam Bank Sudan, also gained 15 percent but in much smaller trading volume. Citing progress on counter-terrorism and improvement in human rights, Washington lifted 20-year-old sanctions against Sudan that had effectively cut the country off from much of the global financial system, raising costs and risks for Sudanese firms."
'via Blog this'
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