Qatar Shares Rise Most in Two Weeks on Earnings Optimism, Oil
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Qatar shares rose the most in more than two weeks after United Development Co. said earnings more than quadrupled and oil advanced for a third week. Israel’s benchmark index climbed to the highest close since August.
United Development, the Qatari real-estate and energy investor, surged the most in more than seven years. Qatar Electricity & Water Co., the Middle East’s second-biggest utility by market value, rallied 2.9 percent before financial results scheduled for this week. Qatar’s QE Index rose 0.8 percent, the most since Oct. 6, to 8,432.86 at the 1 p.m. close in Doha. The Bloomberg GCC 200 Index climbed 0.4 percent and Israel’s TA-25 Index rose 1.8 percent.