Wednesday 1 August 2018

MIDEAST STOCKS-Bank sector gains send Qatar to highest close for 14 months | Reuters

MIDEAST STOCKS-Bank sector gains send Qatar to highest close for 14 months | Reuters:

Qatar’s stock market closed at its highest level for 14 months, led by banking stocks and overtaking Saudi Arabia as the top-performing index in the Gulf region while other markets were mixed amid lacklustre trading.

The benchmark Qatari index jumped 1.5 percent to 9,977 points, its highest since late May 2017.

Qatar National Bank and Qatar Islamic Bank rose 2.3 percent, and Commercial Bank jumped 4.1 percent.

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