MIDEAST STOCKS-Higher ownership ceilings boost Qatar, Egypt climbs on CIB:
"Qatar’s stock market continued rising on Tuesday after two top companies said they were raising their ceilings for foreign ownership, while strength in Egypt’s biggest bank lifted that market. Most of the rest of the region was subdued. The Qatari stock index, which had soared 5 percent on Monday, added a further 1.6 percent. Qatar National Bank , which had risen its 10 percent daily limit on Monday, climbed 6.9 percent. The bank said on Monday that it would recommend to shareholders increasing its non-Qatari ownership ceiling to 49 percent of capital from 25 percent, a step which would increase its weighting in emerging market equity indexes, attracting fresh flows of foreign funds."
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