MIDEAST STOCKS-Lender FAB lifts Abu Dubai, QEWC weighs on Qatar - Reuters:
Abu Dhabi’s stock market rose from the previous session’s 4-1/2-year high on Monday, lifted by First Abu Dhabi Bank, while Qatar Electricity And Water weighed on the Qatar index.
The Abu Dhabi index was up 0.5 percent with First Abu Dhabi Bank adding 1 percent. Last week, it obtained regulatory approval to increase its foreign ownership limit to 40 percent from a previous limit of 25 percent.
Qatar’s index was down 0.3 percent with Qatar Gas Transport losing 3.1 percent and Qatar Electricity And Water shedding 2.3 percent after its first-quarter net profit fell nearly 22 percent.
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