MIDEAST STOCKS-Abu Dhabi hits near 5-year high, petchems lift Saudi - Reuters:
Abu Dhabi's stock market rose to a near five-year high on Monday, lifted by First Abu Dhabi Bank, while petrochemical stocks led gains on Saudi Arabia's main index.
The Abu Dhabi index was up 0.9 percent after hitting its highest since May 2014.
First Abu Dhabi Bank, the United Arab Emirates' largest lender, climbed 2.4 percent to 16 dirhams, touching an all-time high. Last week, the bank obtained regulatory approval to increase its foreign ownership limit to 40 percent from a previous limit of 25 percent.
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