Monday 19 August 2013

MIDEAST STOCKS-Qatar back above 10,000; Egypt stabilises | Reuters

MIDEAST STOCKS-Qatar back above 10,000; Egypt stabilises | Reuters:

"* Qatar index makes second rise above 10,000 points

* Government aims to boost state spending

* Egypt's stability may be temporary

* Property stocks traded heavily in Dubai

* Saudi Arabia hits new 59-month high

By Nadia Saleem

DUBAI, Aug 19 (Reuters) - Qatar's bourse rose back above the psychologically important level of 10,000 points on Monday, buoyed by second-quarter corporate earnings and government budget plans, while Egypt stabilised after big losses due to political violence.

The Qatari index rose 1.3 percent to 10,038 points, extending its 2013 gains to 20.1 percent. Trading volume jumped to its highest this month. The index broke 10,000 points last week for the first time since September 2008."

'via Blog this'

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