MIDEAST STOCKS-UAE, Qatar markets extend gains; Egypt rebounds | Reuters:
"* Qatar continues rally after record budget approval
* UAE stocks rise following Dubai World reassurances
* Investors make bets on Q1 results
* Egypt rebounds after three sessions of heavy profit-taking
* Small- and large-caps diverge in Kuwait
By Olzhas Auyezov
DUBAI, April 1 (Reuters) - Financial and property stocks lifted bourses in the United Arab Emirates and Qatar on Tuesday, while Egypt rebounded after three days of heavy profit-taking.
Qatar's benchmark rose 1.8 percent to 11,849 points, extending a rally that begun this week after the government adopted a record $60 billion budget for the 2014/15 fiscal year.
The index, now at a four-week high, faces resistance at 11,900 points, the February peak.
Qatar National Bank and Islamic lender Masraf Al Rayan were among the top gainers, rising 2.9 and 3.2 percent respectively."
'via Blog this'
No comments:
Post a Comment