MIDEAST STOCKS-Gulf mixed, Qatar continues rally as foreigners buy:
"Gulf stock markets were mostly mixed in narrow ranges on Wednesday but Qatar rose for a fifth straight day on the back of buying by foreign investors seeking attractive dividend yields. The Qatari index rose 0.5 percent in active trade. Exchange data showed foreign investors were net buyers of stocks by a substantial margin, accounting for 33.7 percent of buy orders and 21.8 percent of sell orders. Qatari companies are expected to announce annual dividends in the next few weeks, and some buyers are positioning for them. Also, data in the last several weeks has confirmed that an embargo imposed on the country by other Arab states has done only modest damage to the economy and that growth has rebounded. "
'via Blog this'
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