MIDEAST STOCKS-Abu Dhabi outperforms on financials and real estate, most Gulf markets rise
Abu Dhabi stocks outperformed Gulf markets on Sunday on expectations that banks and real estate companies will benefit from new rules which would allow foreigners to own land and property in investment areas on a freehold basis. The Abu Dhabi index rose 1 percent, lifted by RAK Properties, up 2.7 percent, and Aldar Properties , up 2.1 percent. Abu Dhabi Commercial Bank rose 1.8 percent and Union National Bank rose 2.3 percent. The r
MIDEAST STOCKS-Abu Dhabi outperforms on financials and real estate, most Gulf markets rise
Abu Dhabi stocks outperformed Gulf markets on Sunday on expectations that banks and real estate companies will benefit from new rules which would allow foreigners to own land and property in investment areas on a freehold basis. The Abu Dhabi index rose 1 percent, lifted by RAK Properties, up 2.7 percent, and Aldar Properties , up 2.1 percent. Abu Dhabi Commercial Bank rose 1.8 percent and Union National Bank rose 2.3 percent. The r