MIDEAST STOCKS-Qatar up about 1 pct, outperforms lacklustre Gulf markets:
"Qatar’s main stock index rose nearly 1 percent on Monday as a planned increase in foreign ownership limits boosted blue-chips and helped Doha to outperform the rest of a region weighed down by weak global stocks and oil prices.
The gain in Qatar’s index was powered by a 2.9 percent surge in heavyweight Industries Qatar and a 1.8 percent rise for Qatar National Bank. The two announced last week that they were raising ceilings for foreign ownership of their shares, which will boost their weightings in emerging market equity indexes.
Vodafone Qatar jumped by 9.4 percent to close at 8.63 riyals on buying from retail investors after recent declines."
'via Blog this'
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