Wednesday 9 July 2014

MIDEAST STOCKS-Qatar, Egypt lead gains; UAE consolidates | News by Country | Reuters

MIDEAST STOCKS-Qatar, Egypt lead gains; UAE consolidates | News by Country | Reuters:



"Qatar's bourse outperformed the region on Wednesday after the country's top bank reported strong second-quarter results, while United Arab Emirates markets continued to consolidate on declining volumes after a sharp rebound.



The Doha index rose 1.3 percent as most stocks gained. Industries Qatar was the main support, adding 2.3 percent.



Shares in mobile phone operator Ooredoo, which dropped 23 percent last month on profit-taking and concern about the conflict in Iraq, where the company earns a fifth of its revenue, continued to rebound and jumped 3.9 percent."



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