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Sunday, 5 February 2017

MIDEAST STOCKS-Saudi supported by strong data, Industries Qatar pulls down Doha | Reuters

MIDEAST STOCKS-Saudi supported by strong data, Industries Qatar pulls down Doha | Reuters:

"Positive economic data helped to support Saudi Arabia's stock market in early trade on Sunday while a fourth-quarter earnings miss by Industries Qatar dampened trading in Doha.

The Saudi index edged up 0.2 percent in the first 40 minutes with activity focusing on second- and third-tier stocks including Al Ahsa Development, up 3.7 percent.

Growth in Saudi Arabia's non-oil private sector accelerated to its fastest rate for 17 months in January after the government resumed paying overdue debts to the private sector, a purchasing managers' index based on a survey of companies showed on Sunday."



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