MIDEAST STOCKS-Qatar's Barwa leaps on Q4 earnings, Saudi drops as oil slides

DUBAI, Feb 8 (Reuters) – Shares in a Qatari property developer jumped in early trade on Wednesday after it swung to a quarterly profit, while Saudi Arabia’s market pulled back following a fall in crude oil prices.
Barwa Real Estate surged 6.9 percent after posting a net profit of 108 million riyals ($29.7 million) in the three months to Dec. 31 versus a loss of 518 million riyals a year earlier. The board recommended a 2016 cash dividend of 2.5 riyals per share, higher than the 2.2