Mideast Stocks: Most Gulf markets end higher, Doha Bank lifts Qatar – ZAWYA

Mideast Stocks: Most Gulf markets end higher, Doha Bank lifts Qatar – ZAWYA

Most Gulf markets closed higher on Thursday amid rising oil prices, with Qatar outperforming as Doha Bank jumped after releasing a five-year plan.. In Qatar, the index closed up 0.6% with Doha Bank surging 9.6%, its biggest intra-day rise since May 2009, while Qatar Islamic Bank ended up 0.8%.. Doha Bank released a supplementary release to its full year earnings saying it has created a five years strategic plan to address challenging economic conditions.. Saudi Arabia's benchmark index was up 0.5% as Al Rajhi Bank 1120.SE added 0.9% and Jabal Omar Development 4250.SE jumped 5.8%.. El Sewedy Electric added rose 2.2% after it reported higher revenue in 2019 and proposed a per share dividend of 0.80 Egyptian pound..