MIDEAST STOCKS-Qatar, Saudi climb in sluggish region; Qatari banks surge:
"Stock markets in Qatar and Saudi Arabia climbed on Wednesday while the rest of the region was sluggish, with a slide in Dubai blue chip Emaar Properties dragging down that market once again. The Qatari index surged 1.1 percent as Commercial Bank gained 3.8 percent. It reported a 345 percent year-on-year jump in first-quarter net profit to 405 million riyals ($111 million). The average forecast from analysts polled by Reuters was 329.5 million riyals. Doha Bank, which is to announce its first-quarter earnings next Sunday, climbed 3.4 percent. Qatari banks’ earnings so far in the reporting season have generally been strong, suggesting the impact on them of the embargo imposed by other Arab states on Qatar has largely faded."
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