MIDEAST STOCKS-Qatar boosted by rising ownership limits, Saudi edges down

MIDEAST STOCKS-Qatar boosted by rising ownership limits, Saudi edges down:

"Qatar’s stock market climbed on Sunday because of plans to raise foreign ownership limits for four more major companies, while the Saudi Arabian bourse fell for a second straight day after FTSE Russell’s decision to upgrade it to emerging market status.

The Qatari index rose 1.1 percent after Qatar Petroleum said foreign investors would be able to hold up to 49 percent of its affiliates Qatar Fuel, Gulf International Services, Mesaieed Petrochemical and Qatar Electricity and Water Co.

Mesaieed jumped 9.9 percent, Qatar Fuel gained 7.1 percent, Gulf International Services was up 6.3 percent and Qatar Electricity and Water was up 1.2 percent."



'via Blog this'