MIDEAST STOCKS-Gulf markets rise after oil leaps, QNB beats estimates | Reuters:
"Gulf stock markets rose early on Thursday after Brent crude oil jumped more than 5 percent to back above $40 a barrel and Qatar National Bank (QNB) beat forecasts slightly with its first-quarter earnings.
QNB rose 1.4 percent to 139.90 riyals after reporting a 7.1 percent rise in first-quarter net profit to 2.9 billion riyals ($796.5 million); analysts at EFG Hermes and SICO Bahrain had expected 2.77 billion and 2.71 billion riyals.
However, the stock faces strong technical resistance at 142.00 riyals, its peaks in February and March. The Qatar stock index climbed 0.9 percent."
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