MIDEAST STOCKS-Banks boost Qatar, Deyaar's surge lifts Dubai - Reuters:
Qatar's stock market rose sharply on
Monday, helped by financial shares, while a surge in Deyaar
Development buoyed the Dubai index, even as most Middle Eastern
stocks were quiet.
In Qatar, the index rose 1.2%, extending its gains
for a third straight day, with Qatar Islamic Bank
increasing 2.6% and Masraf Al Rayan adding 3.3%. The
two are scheduled to report their third quarter financials on
Oct. 16 and 27 respectively.
Dubai's main share index was up 0.5% as real estate
developer Deyaar Development soared 14.7%, reaching
its highest since November 2018, after the company said its
board would approve third-quarter results later this week.
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