MIDEAST STOCKS-Qatar rises again in early trade, Gulf markets soft:
"Qatar’s stock index kept rising on Tuesday after several blue-chip firms raised foreign ownership limits, though other Gulf markets were weak. The Qatar index lifted 0.2 percent in early trade, building on a 1.8-percent gain on Monday. Qatar Electricity and Water Co was up 1.1 percent after gaining 3.5 percent in the previous session and Industries Qatar was 1.4 percent higher while Qatar Islamic Bank rose 0.4 percent. The three companies said on Sunday that they were hiking their foreign ownership ceilings to 49 percent from 25 percent, starting on Monday. Qatar National Bank (QNB), the region’s biggest bank by assets, lost 0.4 in the first hours of trade."
'via Blog this'
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