MIDEAST STOCKS-Gulf markets get direction from first earnings burst | Reuters:
"Investors in Gulf stock markets will look to digest the first blast of second-quarter company earnings on Wednesday, as banks in Saudi Arabia, Qatar and Oman provide positive cues with estimate-beating profit increases.
Qatar National Bank, the largest bank in the Middle East and Africa by assets, delivered a 10 percent jump in second-quarter net profit after market hours on Tuesday, aided by the inclusion of Turkey's Finansbank in its accounts for the first time.
The bank, always the first lender in Qatar to post numbers, is seen as a bellwether for the Qatari banking industry due to its sheer size and dominant market share in many aspects of local banking."
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