MIDEAST STOCKS-Banks support Qatar recovery, Oman up sharply | Reuters:
Qatar’s bourse gained sharply and recovered some of its losses from the last two sessions, while the Oman index registered its best day in nearly two months as telecom and bank stocks gained. Other Gulf markets were mixed.
Qatar’s main index booked a 1.1 percent rise and snapped two sessions of losses, buoyed by a 3.1 percent rise in Qatar National Bank and a 4.5 percent rise in Qatar Fuel Co.
The main Saudi index moved lower by 0.6 percent, dragged down by industry heavyweights Al Rajhi Banking & Investment and Saudi Basic Industries Corp, which both fell nearly 1 percent.
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