Wednesday 28 March 2012

STOCKS NEWS MIDEAST-Qatar at 11-wk high; Dubai snaps 2-day dip - Yahoo! News UK

Qatar's bourse ends at an 11-week high as sentiment picks up ahead of first-quarter earnings. Banks and service sector stocks support gains. Qatar Telecom climbs 1.2 percent, Qatar Islamic Bank rises 0.8 percent and Commercial Bank of Qatar adds 0.5 percent.
"With nearly all companies declaring great profits for 2011, the market is excited and optimistic about the upcoming period," says Yassir Mckee, executive manager at Al Rayan Financial Brokerage.
The index climbs 0.2 percent to close at 8,790 points, its highest finish since Jan. 9.

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