| Qatar's index rose 1.7 percent, outperforming the region after data from the country's central securities depository showed that sovereign wealth fund Qatar Investment Authority had increased its stake in Qatar Islamic Bank to 17.36 percent from 16.90 percent.
The stock surged 3.5 percent and most other companies in Doha also rose. Egypt's main index edged down 0.2 percent as the majority of stocks fell. However, cable maker El Sewedy Electric surged 5.6 percent to 42.90 pounds after NBK Capital upgraded the stock to "buy" with a fair value estimate of 54.00 pounds...............................................Full Article: Source
|