MIDEAST STOCKS-Markets diverge on mixed results; Qatar, Egypt outperform | Reuters:
"Strong performances by property developers lifted Qatar's bourse on Tuesday, while Egypt rebounded after a pull-back prompted by violence in Sinai. Other markets in the region consolidated after mixed third-quarter earnings.
Dubai's index was nearly flat. Shares in logistics firm Aramex rose 0.3 percent after it reported a 16 percent rise in third-quarter net profit to 69.5 million dirhams ($18.95 million) on Monday.
Although the figure was lower than the average estimate of analysts polled by Reuters, who had expected 74.8 million dirhams, some analysts called it impressive. NBK Capital said in a note it was pleased with the numbers and maintained a "buy" recommendation on the stock."
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