Mideast Stocks: Qatar jumps to test technical barrier, Saudi petchems slip | ZAWYA MENA Edition:
Qatar's stock market jumped in morning trade on Wednesday on the back of banks, causing its main index to test technical resistance, while Saudi Arabia edged down as petrochemical firms fell.
The Qatari index surged 1.4 percent to 9,975 points, testing technical resistance at 10,003-10,028 points, where the market peaked in August and September.
Qatar National Bank rose 2.3 percent after its chief executive said on Monday that the company had no funding needs at the moment and that its U.S. dollar liquidity was "excellent".
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