20-07-2016 07:53 via news.yahoo.com

MIDEAST STOCKS-Qatar may lose steam, regional indexes soften

DUBAI, July 20 (Reuters) - Qatar's stock market may lose steam on Wednesday after a local bank's second-quarter earnings missed estimates, while regional bourses may generally trade with a soft tone because of subdued global equity and oil prices. The Qatari benchmark has outperformed this week after breaking major technical resistance, and is now up 2.1 percent year-to-date. But after the close on Tuesday, Commercial Bank of Qatar (CBQ) broke the strong Qatari bank result trend by posting a 62.
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