MIDEAST STOCKS-Lender FAB leads Abu Dhabi higher, petchems weigh on Saudi - Reuters:
Abu Dhabi's stock market closed higher
for the fourth straight session on Monday, aided by its largest
lender First Abu Dhabi Bank, while petrochemical stocks pulled
the Saudi market down.
The Abu Dhabi index rose 0.8 percent, led by a 1.8
percent increase in First Abu Dhabi Bank (FAB).
The lender has been rising in recent sessions after it
obtained regulatory approval to increase its foreign ownership
limit to 40 percent from 25 percent.
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