MIDEAST STOCKS-Qatari shares at 6-week high, outperform regional gains | Reuters:
"Qatar's shares outperformed regional markets on Thursday, rising to a six-week high as bargain hunters returned to the overlooked market, while other bourses also edged higher.
Doha's index climbed 0.8 percent to its highest level since Sept. 19. The market has been trapped in a sideways range in recent weeks due to earnings that disappointed investors.
Large-caps Qatar National Bank and Industries Qatar were the main support, rising 2.1 and 1.9 percent respectively. Earlier this month, QNB posted a 14.3 percent rise in quarterly earnings which missed estimates, while IQ reported a six percent drop in nine-month profit.
UAE markets meanwhile, struggled to make gains ahead of a long weekend. Dubai's index added 0.2 percent, trading in a tight range since hitting a five-year peak earlier this week."
'via Blog this'
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