MIDEAST STOCKS-Dubai extends rally as Emirates NBD gains, other markets mixed - Reuters:
The Dubai stockmarket continued its rally in early trade on Tuesday after lender Emirates NBD rose sharply, although elsewhere in the gulf other major indices were mixed.
Dubai’s index rose 0.7% extending gains in the previous session when it hit its biggest one-day rise in three and half years, boosted by lender Emirates NBD, which increased a further 4.9%, a day after it closed at a 12-year high.
The bank raised foreign ownership limit to 20% from 5% with effect from Monday and also announced its intention to raise that limit to 40% in future.
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