MIDEAST STOCKS-Gulf markets rebound moderately, Q3 earnings aid Qatar | Reuters:
"Gulf stock markets rebounded early on Thursday, helped by some better-than-expected corporate earnings from Qatar and a stabilisation of the Saudi market the previous day after declining for several days.
Qatar's index gained 0.4 percent as telecommunications giant Ooredoo surged 2.8 percent. It doubled third-quarter net profit to 756 million riyals ($207.6 million), handily beating analysts' forecasts of 416-475 million riyals.
Petrochemical producer Industries Qatar rose 1.3 percent. It posted a 25 percent drop in third-quarter net profit to 1.41 billion riyals; analysts had forecast an average of 1.13 billion riyals."
'via Blog this'
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