MIDEAST STOCKS-Qatar falls as blue chip banks give up recent gains | Reuters

MIDEAST STOCKS-Qatar falls as blue chip banks give up recent gains | Reuters:

"Qatari stocks fell on Wednesday, weighed down by Qatar National Bank (QNB) and Qatar Islamic Bank, while other Gulf markets were mixed The Qatar index was trading 1.8 percent lower as blue-chip stock Qatar National Bank fell 3.5 percent, giving up some of the recent gains driven by a 7 percent rise in first-quarter net profit, helped by rapid loan growth. Other index heavyweights Qatar Islamic Bank and Industries Qatar were down 2.5 percent and 2.9 percent, respectively. The Qatari index is nevertheless up 4.7 percent so far this year."



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