Thursday 18 July 2013

MIDEAST STOCKS-Bluechips lift Qatar to near 5-yr high | Reuters

MIDEAST STOCKS-Bluechips lift Qatar to near 5-yr high | Reuters:

"Bluechips lifted Qatar's bourse to a near five-year high on Thursday as investors bet on long-term growth in key industries in the gas-rich Gulf state, as most regional markets gained.

Doha's benchmark climbed 0.8 percent to its highest close since September 2008. It has advanced in eight of the last nine sessions.

Large-caps have led the recent rally. Qatar National Bank (QNB) added 1.8 percent to hit a new all-time high. The lender last week posted a 24 percent rise in quarterly profit which beat analysts' expectations."

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