MIDEAST STOCKS-Saudi, Qatar gain on year-end dividends; Q3 reports hit Bahrain | Reuters:
"* Saudi cement makers rise sharply
* Qatar rally continues after technical breakout
* Q3 earnings reports drag down Bahrain
* Oman's Galfar down after corruption trial starts
* Egypt up after S&P upgrade, talk of more Saudi aid
By Olzhas Auyezov
DUBAI, Nov 17 (Reuters) - Stocks in Saudi Arabia and Qatar continued to benefit on Sunday from year-end dividend-hunting while Bahrain slipped after some companies posted third-quarter losses. Markets in the United Arab Emirates remained volatile.
The top performer in Saudi Arabia was Southern Province Cement, which is expected to deliver a 5.9 percent dividend yield this year compared with the index average of 3.9 percent, according to consensus analyst estimates from Thomson Reuters. The stock jumped 9.2 percent.
Other cement producers such as Qassim Cement and Yamamah Cement were also among Sunday's top performers with expected dividend yields well above the average. The Saudi market climbed 0.8 percent to a fresh five-year high."
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