Tuesday 23 August 2011

MIDEAST STOCKS-Gulf mkts end mixed in muted trade; banks lift Qatar | News by Country | Reuters

Investors stuck to the sidelines on Tuesday amid thin trade across most regional bourses, as the global economy and uncertainty over Libya continued to drive sentiment ahead of an extended religious holiday starting next week for many.

Banks attracted buyers on Qatar's bourse for a second-day on Tuesday. Doha Bank gained 1.2 percent and Commercial Bank of Qatar rose 1.9 percent, helping lift the index 0.4 percent.

"We can look at it (Qatar) as a more resilient market as there is interest at these levels," said a Doha-based trader who asked not to be identified due to company policy.

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