Monday 2 April 2012

MIDEAST STOCKS-Qatar hits fresh 12-wk high; Gulf mostly higher | News by Country | Reuters

Qatar's bourse rose to a fresh 12-week high on Monday as investors took positions ahead on anticipation of strong first-quarter earnings results from the Gulf state's companies in a mostly upbeat session in the Gulf.

Doha's index climbed 0.3 percent to 8,867 points, its highest close since Jan. 5 and eighth straight day of gains. The benchmark is nearing its 12-month high of 8,910 points, which will pose a strong resistance.

Qatar National Bank kicks off the country's earnings season on April 4.

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