MIDEAST STOCKS-Qatar falls to 3-week low, other markets up on earnings | Reuters

MIDEAST STOCKS-Qatar falls to 3-week low, other markets up on earnings | Reuters:

"* QNB continues to slide after Q3 misses forecasts

* Qatar market turnover lowest for a month

* Saudi petchems strong ahead of SABIC earnings

* ENBD falls only slightly after Q3 provisions spike

* Telecom Egypt back to level before Vodafone speculation

By Nadia Saleem

DUBAI, Oct 24 (Reuters) - Qatar's bourse fell to a three-week low on Thursday as weak third-quarter earnings prompted many investors to look elsewhere for buying opportunities; other regional markets rose.

Shares in heavyweight Qatar National Bank fell 1.7 percent to 160.0 riyals, their fifth consecutive loss, nearing technical support at the September low of 158.0 riyals.

Earlier this month, the lender posted a 14.3 percent rise in third-quarter net profit that slightly missed analysts' forecasts."

'via Blog this'