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Monday, 8 August 2016

MIDEAST STOCKS-Qatar, Egypt rise to multi-month highs; petchems support Saudi | Reuters

MIDEAST STOCKS-Qatar, Egypt rise to multi-month highs; petchems support Saudi | Reuters:

"Stock markets in Qatar and Egypt closed at multi-month highs on Monday on the back of firm global bourses, while Saudi Arabia's stock market was supported by a recovery in oil prices.

Qatar's index rose 1.2 percent to 10,920 points, a nine-month high. Vodafone Qatar jumped 6.0 percent in unusually heavy trade and the largest listed stock, Qatar National Bank, added 2.3 percent.

Abu Dhabi's index reversed an early decline to add 0.1 percent as some mid-cap shares advanced. Abu Dhabi National Energy Co surged 8.0 percent."



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