Thursday 21 February 2019

MIDEAST STOCKS- #Qatar rises as blue-chips climb, top lender weighs in Egypt | Reuters

MIDEAST STOCKS-Qatar rises as blue-chips climb, top lender weighs in Egypt | Reuters:

Qatar's stock market rose sharply on Thursday as its blue-chip shares gained after a spate of selling, while Egypt's index was driven lower partly by its top lender.

The Qatari index rose 1.1 percent, with 15 out of 20 stocks advancing. Heavyweights Qatar National Bank and Industries Qatar gained 2 percent and 1.9 percent respectively.

Qatar was the best performing Gulf market in 2018 after a limit on foreign ownership of stocks was raised. It continued last year's performance into January but began a downward trend in February.

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