Mideast Stocks Trade Mixed With Earnings in Focus: Inside EM - Bloomberg:
Equity markets in the Middle East were mixed as investors followed closely earnings results for some of the biggest companies in the region.
The main index in Doha led losses as Industries Qatar QSC declined on the back of a 47% drop in net profit for the nine months ended in September. The Qatari gauge headed for the sixth decline in seven sessions.
In Riyadh, giant petrochemicals producer Saudi Basic Industries Corp. fell as much as 2.4% after posting the worst quarterly profit in ten years. The company cited lower average selling prices and a 1.5 billion riyal impairment provision for its investment in Clariant AG for the poor results.
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