MIDEAST STOCKS-Emirates NBD hits 12-year high, leads Dubai higher - Agricultural Commodities - Reuters:
The Dubai stock market rose sharply on
Monday, for its biggest one-day gain in three and half years,
boosted by top lender Emirates NBD which closed at a
12-year high.
In Dubai, which had been one of the worst performing Gulf
stocks in August, the index jumped 4.8%, to its biggest
intra-day gain since January 2016, on back of Emirates NBD,
which swelled 14.9%.
The lender reached to its highest level since October 2007,
after it raised foreign ownership limit to 20% from 5% with
immediate effect.
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