Qatar guides Gulf markets to greater margin as Kuwait sees drop

Qatar stock market ended on a greater margin on April 7, pushed up by profits in communications, energy and finance stocks.

On or hand, shares for Kuwait market were at a two-month low, with industry and finance sectors trailing margins most for country. 

benchmark index for Qatar was higher on a second straight session, rising 1 per cent higher. About all sectors remained in green. 

While Qatar Gas Transport progressed 1.9 per cent higher, Ooredoo vanced  3.6 per cent respectively. region’s largest lender Qatar National Bank rose marginally by 0.7 per cent.

benchmark index in Kuwait was down by 1.3 per cent, closing at 7,873 which marked lowest in two months. Most sectors on index were in negative territory, with industry and finance leing losses.

country’s largest lender National Bank of Kuwait went down by 2.3 per cent as Kuwait Finance House dipped 1.5 per cent.

Or companies who were making losses were Agility Public Warehousing and Gulf Bank, which dropped 3 per cent and 3.6 per cent respectively.

Outside Gulf region, Egypt's blue-chip index retreated 1.2 per cent after two consecutive session of gains with a majority of sectors in red.

Talaat Mostafa went down 6.6 per cent, while Commercial International Bank dipped by 1.5 per cent.

(With Reuters Inputs)