MIDEAST STOCKS-Qatar hits 3 month high, financials weigh on Abu Dhabi - Reuters:
Qatar's stock market closed at a
three-month high on Thursday, buoyed by drilling rig provider
Gulf International Services, while the Abu Dhabi index was
pressured by financial shares.
The Qatar index rose 0.8 percent, with Gulf
International Services jumping 10 percent after its
unit was awarded contracts by Qatar Petroleum to provide six
offshore drilling rigs.
Brokerage firm QNB Financial Services raised its rating on
the stock to 'outperform' from 'accumulate', citing its ability
to secure contracts for six rigs out of a total deal size of
eight.
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