MIDEAST STOCKS-Most Gulf markets end higher, Doha Bank lifts Qatar - Reuters:
Most Gulf markets closed higher on Thursday amid rising
oil prices, with Qatar outperforming as Doha Bank jumped after releasing a
five-year plan.
Oil prices held near one-month highs on Thursday supported by China's
efforts to boost its economy, a drop in new coronavirus cases and supply
concerns in Venezuela and Libya.
Brent crude futures were up 7 cents at $59.19 a barrel by 0939 GMT.
In Qatar, the index closed up 0.6% with Doha Bank surging
9.6%, its biggest intra-day rise since May 2009, while Qatar Islamic Bank ended
up 0.8%.
Doha Bank released a supplementary release to its full year earnings saying
it has created a five years strategic plan to address challenging economic
conditions.
The bank shed over 17% in its last three sessions, after its 2019 net profit
dropped to 754 million riyals from 830 million riyals a year earlier.
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