MIDEAST STOCKS-Dubai jumps as Emirates NBD hits 12-year high - Reuters:
The Dubai stock market saw its strongest day in three and a half years on Monday as top bank Emirates NBD soared to a 12-year high after it raised the limit on foreign ownership of its shares.
In Dubai, the index surged 4.1%, its biggest intra-day gain since January 2016, boosted by its largest lender Emirates NBD.
Emirates NBD surged 14.9% to its highest level since October 2007, after the bank raised foreign ownership limit to 20% from 5% with immediate effect.
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