MIDEAST STOCKS-Insurance deal lifts Qatar to record high; most mkts gain | Reuters:
"Qatar Insurance Company lifted the Gulf state's stock market to an all-time high on Tuesday after winning a large contract to provide services to the nation's new main international airport.
Most other markets in the region also advanced. Dubai led gains as it recovered from a sharp drop earlier this week.
Shares in Qatar Insurance Co rose their daily limit of 10 percent after Qatar Civil Aviation Authority said the company would provide insurance services for the newly opened Hamad International Airport for a value of 45.97 billion riyals ($12.63 billion).
The stock was the main support for the Doha benchmark , which climbed 0.8 percent to a new all-time closing high of 13,175 points, breaking through resistance at the 2005 intra-day peak of 13,069 points."
'via Blog this'
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