Monday 22 April 2019

MIDEAST STOCKS-Top lender lifts #AbuDhabi, most Gulf markets rise - Agricultural Commodities - Reuters

MIDEAST STOCKS-Top lender lifts Abu Dhabi, most Gulf markets rise - Agricultural Commodities - Reuters:

Abu Dhabi’s stock market rose for a fourth consecutive session on Monday, helped by heavyweight lender First Abu Dhabi Bank, while the Saudi market was pressured by losses for its petrochemical stocks, especially Saudi Kayan.

The Abu Dhabi index rose 0.3 percent, with First Abu Dhabi Bank gaining 0.7 percent.

The lender has been rising in the last few sessions after it obtained regulatory approval to increase its foreign ownership limit to 40 percent from 25 percent.

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