MIDEAST STOCKS-Gulf moves sideways, Qatar's Widam jumps on dividend:
"Gulf stock markets mostly moved sideways in early trade on Thursday, with Qatari food processor and livestock trader Widam Food one of the few big movers as it soared after raising its annual dividend.
Qatar’s stock index edged down 0.1 percent but Widam jumped 9.1 percent in its heaviest trade for months. It said annual net profit rose to 108.1 million riyals ($29.7 million) from 91.3 million and proposed a dividend of 4.25 riyals per share, up from 3.5 riyals for 2016.
Medicare Group, which has more than doubled since mid-November, rose 3.6 percent and Qatar International Islamic Bank gained 1.9 percent. But the Qatari market was mostly quiet."
'via Blog this'
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