MIDEAST STOCKS-Most Middle Eastern stocks decline as Qatar leads losses

Most major Middle Eastern stock markets
closed lower on Wednesday with Qatar and Dubai dragged down by a
slew of poor earnings, while financial shares fuelled Sa1udi
Arabia's gains.
    

In Qatar, the index slipped 1.4% in its fourth
decline in a row, driven by a 4.8% plunge in Industries Qatar
. The petrochemical maker suffered its biggest
intra-day fall in six months as its annual profit declined by
48% to QAR 2.6 billion ($714.29 million).
 

Dubai's index was down 0.5% with Emaar Properties
declining 1.5%. After the market closed, the blue-chip
developer reported a marginal fall in its fourth-quarter net
profit.
    

Emirates Integrated Telecommunications (du) closed
down 1.8%, having slid as much as 3.5% during the sessions after
it posted a decline in fourth-quarter revenue and mobile
subscriber base.