Mideast Stocks: Banks drag Qatar to 3-month low, Saudi gains | ZAWYA MENA Edition:
The Qatar stock market slid to a near three-month low on Wednesday, dragged down by its blue-chip banking shares, while Saudi Arabia crept higher, aided by petrochemicals.
Qatar's index fell for a sixth straight day, declining 1.2 percent, and lenders Masraf Al Rayan and Qatar Islamic Bank dropped by 2.8 percent and 2.6 percent respectively.
Major Middle East petrochemical maker Industries Qatar shed 2.2 percent despite reporting a 52 percent surge in annual net profit.
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