MIDEAST STOCKS-Qatar rises on positive sentiment, other markets mixed | Reuters

MIDEAST STOCKS-Qatar rises on positive sentiment, other markets mixed | Reuters:

Qatar’s stock market rose in early Wednesday trade on positive sentiment among investors, whereas other markets were mixed amid lacklustre trading as investors await positive news to make new positions.

The Qatari index rose 0.5 percent, backed by solid gains led by Qatar Islamic Bank and Masraf Al Rayan , which added 2.3 percent and 1.2 percent respectively.

The index has risen 15.7 percent year-to-date, overtaking Saudi Arabia as the best-performing index in the Gulf region. The Saudi stock market has risen 14.8 percent year-to-date.