MIDEAST STOCKS-Qatar attracts more buyers, rest of Gulf mixed

MIDEAST STOCKS-Qatar attracts more buyers, rest of Gulf mixed:

"Money flowed into Qatar’s stock market for a second straight day on Tuesday after several blue-chip firms raised foreign ownership limits, while other Gulf markets were mixed. The Qatar index rose 0.8 percent after a 1.8 percent gain on Monday. Qatar Electricity and Water Co was up 2.0 percent, Industries Qatar was 2.2 percent higher while Qatar Islamic Bank rose 2.9 percent. The three companies hiked their foreign ownership ceilings to 49 percent from 25 percent on Monday. Actual foreign ownership levels are far below 25 percent, but the changes should increase the stocks’ weightings on emerging market indexes, and some bankers believe the government may be preparing to privatise the companies further."



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