Wednesday 14 February 2018

MIDEAST STOCKS-Qatar, Kuwait outperform in mixed region

MIDEAST STOCKS-Qatar, Kuwait outperform in mixed region:

"Qatar’s stock market rose on Wednesday as local institutional investors chased shares left behind in the bourse’s latest rally, while rises in second-tier speculative stocks boosted Kuwait. The Qatari index climbed 0.8 percent as real estate firm Ezdan Holding, which had been trading near two-month lows, surged 3.9 percent. Gulf Warehousing added 1.4 percent. Industries Qatar rose in early trade but closed flat after reporting annual net profit of 3.32 billion riyals ($912 million), up from 2.96 billion riyals in 2016, and lifting its proposed annual cash dividend back to 5 riyals per share from 4 riyals. "



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