MIDEAST STOCKS-Qatar rises on higher ownership caps, Saudi banks bought | ZAWYA MENA Edition:
"Qatar's stock market was the strongest in the region on Monday after several companies raised foreign ownership limits, while most Saudi Arabia stocks fell although a couple of banks pulled up the index. The Qatari index climbed 1.8 percent. Qatar Electricity and Water Co was up 4.0 percent, with Qatar Islamic Bank closing 3.7 percent higher and Industries Qatar increasing 3.4 percent. The trio said on Sunday that they were hiking their foreign ownership ceilings to 49 percent from 25 percent, starting on Monday."
'via Blog this'
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