MIDEAST STOCKS-Gulf mostly higher, dividend chase boosts Qatar most | ZAWYA MENA Edition:
"Gulf stock markets were mostly firm in early trade on Monday with Qatar outperforming for a second day as investors bought to secure dividends.
The Qatari stock index gained 1.1 percent as Islamic bank Masraf Al Rayan added 1.9 percent and Qatari Investors Group surged 7.1 percent.
Qatari companies, which traditionally pay high dividend yields, are due to announce fourth-quarter or annual dividends in the next few weeks, and yields may be boosted this year by the fact that stock prices have been pushed lower by the economic embargo imposed by four Arab states on Qatar.
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