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Sunday, 9 October 2011

Emaar lifts Dubai index; Qatar up amid thin volumes - GCC - ArabianBusiness.com

Qatar National Bank was among gainers as Doha's index rose for a second day since Wednesday's six-week low, but volumes were thin, with most investors waiting for more companies to announce their quarterly earnings.

QNB climbed 0.8 percent. On Wednesday, Qatar's top lender reported a 27 percent rise in third-quarter profit as it increased lending in Qatar's booming economy.

"We don't have many buyers because most investors are waiting for more companies to announce their Q3 results," said a Doha-based trader who asked not to be identified.