MIDEAST STOCKS-Abu Dhabi outperforms on FAB's foreign ownership limit increase - Reuters:
Abu Dhabi stocks climbed over 2 percent early on Sunday, outperforming other Gulf bourses, as First Abu Dhabi Bank (FAB) surged to a more than two-month high after it obtained regulatory approval to increase its foreign ownership limit.
Foreigners will be allowed to own as much as 40 percent of FAB stock from a previous limit of 25 percent, lifting FAB shares by as much as 4.6 percent.
At 0712 GMT, FAB shares were trading at 15.52 dirhams ($4.23), their highest level since early February.
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