Markets

MidEast Shares Mixed, Qatar Ends at Record High

Middle East stocks were mixed, with Qatar closing at a record high ahead of MSCI's raising the weights of three Doha-listed firms in its emerging market index.

Industries Qatar rallied on the planned increase in the company's weighting in MSCI's index and buying by dividend-seeking investors.

Qatar Islamic Bank and Qatar National Bank will also get increased weighting in the MSCI index at the end of August.

Saudi Arabia's main index firmed 0.2% to 10,735 points, Egypt slipped 0.7% to 9,373 points, Dubai gained 1.1% to 4,908 points, Abu Dhabi dipped 0.07% to 5,051 points, Kuwait added 0.2% to 7,350 points, Oman firmed 0.3% to 7,359 points, Qatar gained 0.7% to 13,776 points and Bahrain firmed 0.4% to 1,483 points

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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