Dubai shares gain, CBQ sees decline on earnings
1/28/2012 11:38:52 AM
Dubai shares gained for a fifth day climbing 0.1 percent to 1,396.96 at 11:38 am in the emirate. Qatar’s QE Index rose 0.2 percent. Saudi Arabia’s market was closed for the weekend.
Commercial Bank of Qatar QSC dropped for the fourth time this week, declining 1.4 percent to QR80.5. Fourth-quarter net income at the Gulf country’s second- biggest lender missed analysts’ estimates and the company plans to pay a lower dividend for 2011 than the year earlier.
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