MIDEAST STOCKS-Blue-chips lift Qatar, Banks boost Saudi | Reuters:
Qatar's stock market rose on Wednesday, lifted by shareholder approval for an increase in foreign ownership limits at Qatar Fuel and Mesaieed Petrochemical, while Saudi Arabia rose on the back of its banks.
The Qatar index rose 1.7 percent, with 18 of 20 stocks increasing. Qatar Fuel added 4.2 percent and Mesaieed Petrochemical was up 5.8 percent.
Last year, their parent company, state-owned energy firm, Qatar Petroleum said it would raise the foreign ownership limit in its listed-units to up to 49 percent after limits on foreign ownership were amended.
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