MIDEAST STOCKS-Annual earnings boost Qatar, rest of Gulf sluggish | ZAWYA MENA Edition:
"Corporate earnings and dividend news boosted Qatar's stock market early on Wednesday by suggesting the economy is generally coping well with the impact of an embargo imposed by other Arab states, while other Gulf bourses were sluggish.
Qatar's stock index rose 0.9 percent in heavy trade as Doha Bank gained 4.1 percent, rising above its July peak to its highest level since March.
The company reported 6 percent growth in annual net profit, an acceleration from 3 percent growth in the first nine months, and kept its annual dividend unchanged, suggesting that with aid from the government, it has withstood withdrawals of deposits and loans triggered by the embargo. "
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