MIDEAST STOCKS-Qatar strong as Commercial Bank surges, rest of Gulf moves little:
"Qatar’s stock market outperformed in early trade on Wednesday as Commercial Bank surged after beating analysts’ forecasts for its first-quarter earnings, while other Gulf bourses moved little.
Qatar’s stock index rose 0.8 percent as Commercial Bank gained 3.0 percent. It reported a 345 percent year-on-year jump in first-quarter net profit to 405 million riyals ($111 million); the average forecast from analysts polled by Reuters was 329.5 million riyals.
Doha Bank, which is to announce its first-quarter earnings next Sunday, also climbed 3.0 percent. Industrial blue chip Industries Qatar added 1.4 percent."
'via Blog this'
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