MIDEAST STOCKS-Industries Qatar hits 9-yr high on dividend; region mixed | Reuters:
"* Qatari conglomerate lifts bourse with generous dividend
* Saudi petrochemicals retreat in profit-taking
* Dubai firms rise on Q4 eranings bets
By Nadia Saleem
DUBAI, Feb 17 (Reuters) - Blue chip Industries Qatar surged to a nine-year high on Monday as a surprise hike in dividends attracted buyers even though the firm's fourth-quarter profit trailed estimates.
Industries Qatar boosted Doha's measure while other regional markets were mixed.
Shares in the metals and petrochemicals conglomerate jumped 7.4 percent to 193.10 riyals, their highest since April 2005.
The firm's board proposed a dividend of 11 riyals per share or 110 percent of its nominal value, up from 8.5 riyals in 2012. Qatar's bourse is up 1.5 percent."
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