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Telecom stocks power UAE gains; Saudi declines Reuters © Provided by Khaleej Times Telecom stocks power UAE gains; Saudi declines Markets in the UAE finished stronger on Tuesday, powered by the country s telecoms firms, which surged on the prospect non-UAE nationals shareholdings could rise. The Abu Dhabi benchmark firmed for a third straight session, ending 3.1 per cent higher, after finishing the previous session up about four per cent. The index was boosted by a roughly 15 per cent jump in Emirates Telecommunications (etisalat), the only telecom-focused stock in the benchmark. Etisalat saw its best day in nearly six years as the company called a board meeting for Wednesday to discuss increasing the foreign ownership limit in the firm.

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