MIDEAST STOCKS-Qatar, Saudi Arabia and Egypt climb, UAE mkts dip again | Agricultural Commodities | Reuters:
"Qatar's bourse rallied on Tuesday after a two-day pull-back and Saudi Arabia's market continued to firm after positive first-quarter results, while bourses in the United Arab Emirates succumbed to renewed profit-taking.
Qatar's index rose 1.5 percent with property names leading the turnover. Shares in United Development added 2.4 percent and Barwa Real Estate gained 1.4 percent.
Qatar National Bank, however, contributed most to the increase, gaining 2.6 percent. The lender's shares are very likely to be included in the MSCI emerging markets index at the end of May along with some other stocks from Qatar and the UAE.
But exchange data shows foreigners have already invested heavily in QNB and some analysts believe the MSCI upgrade will be followed by profit-taking."
'via Blog this'
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