Middle East stocks mostly rose, with Qatar rallying after the
Qatari government appeared conciliatory in its diplomatic dispute
with Saudi Arabia, the United Arab Emirates and Bahrain.
Those three countries decided to withdraw their ambassadors from
Doha on Wednesday, saying Qatar had failed to honor a Gulf
Cooperation Council agreement not to back "anyone threatening the
security and stability of the GCC" - an apparent reference to
Qatar's support of Islamist figures, Reuters reported.
But Qatar responded by pledging its commitment to regional
security policies and saying it would not withdraw its own
ambassadors, fueling hopes that the dispute could be resolved, the
Meanwhile, Egyptian shares were weighed by weak earnings.
Qatar's main index jumped 2.3% to 11,607 points, Saudi Arabia
gained 1% to 9,249 points, Dubai added 1.3% to 4,154 points, Abu
Dhabi dipped 0.8% to 4,897 points, Egypt slipped 0.9% to 7,950
points, Kuwait added 0.4% to 7,507 points, Oman eased 0.2% to 7,118
points and Bahrain firmed 0.6% to 1,373 points.
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