Thursday, 11 January 2018

MIDEAST STOCKS-Gulf stocks firm on oil, Qatar gains for sixth straight day

MIDEAST STOCKS-Gulf stocks firm on oil, Qatar gains for sixth straight day:

"Most major Gulf stock markets rose on Thursday after oil prices hit new 2-1/2 year highs, with Qatar’s bourse gaining for a sixth straight day as investors positioned themselves for annual dividends. The Qatari index fell early on but closed 1.0 percent higher in active trade. Foreign investors turned net sellers for the first time in several days, exchange data showed. Doha Bank surged 3.7 percent in its heaviest trade since the end of November while Qatar National Bank, the biggest lender, rose 1.5 percent. Medicare Group added 6.9 percent in its highest volume since last March."



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