MIDEAST STOCKS-Financials buoy Qatar; blue-chip sell-off trips up Egypt - Reuters:
Broad-based gains pushed the Qatari
bourse higher on Thursday, with financial stocks leading the
pack, whereas a wide sell-off pulled down Egypt's blue-chip
share index.
In Qatar, the benchmark share index advanced 1%, as
most of its constituents ended higher. Qatar National Bank
, the Gulf's biggest lender, gained 2.8%, while
petrochemical firm Industries Qatar added 1.9%.
Elsewhere, Commercial Bank was up 1.5%.
On Wednesday, the Qatari cabinet approved a draft resolution
that aims to raise the percentage of Qataris working at
state-owned companies or where the state is an investor to 60%,
state news agency QNA reported.
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