Qatari shares rose to their highest point in more than a month on the belief that first quarter results will beat expectations.
Masraf Al Rayan, the state's second-largest Islamic bank, climbed 6.4 per cent to 24.2 Qatari rials and Qatar National Bank, the biggest bank in the country, added 0.9 per cent to 139.2 Qatari rials.
Qatar Islamic Bank advanced 2.5 per cent to 83 Qatari rials.
The gains helped push shares on the Qatari index higher, as it closed 1.1 per cent higher to 8,591.77 points.
The measure was also helped by a move by the Qatari central bank to cut interest rates earlier this week. It lowered both the lending rate and deposit rate by 0.5 per cent.
Markets gained momentum after a muted start as the Dubai Financial Market General Index rose 1.3 per cent to 1,557.64 points and the Abu Dhabi Securities Exchange was flat at 2,591.58 points.
Julian Bruce, director of institutional sales at EFG Hermes said trading in the UAE will remain subdued until results are announced.
"We are obviously focused on banking stocks, but shares in Air Arabia and Dana Gas are also going to be interesting to watch out for," Mr Bruce said.
Air Arabia rose 0.4 per cent to 743 fils on the Dubai market and Dana Gas was flat at 65 fils.
Elsewhere in the region; the Kuwait bourse added 0.4 per cent to 6,326.50 points; the Bahraini bourse fell 0.5 per cent to 1,411.87 points; Muscat's index fell 0.3 per cent at 6,271.53 points and Saudi Arabia's Tadawul was trading 0.2 per cent higher at 6,558.63 points.
The Penguin
Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz
Creator: Lauren LeFranc
Rating: 4/5
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
The Travel Diaries of Albert Einstein The Far East, Palestine, and Spain, 1922 – 1923
Editor Ze’ev Rosenkranz
Princeton
MATCH INFO
Uefa Champions League, last 16, first leg
Ajax v Real Madrid, midnight (Thursday), BeIN Sports
'Panga'
Directed by Ashwiny Iyer Tiwari
Starring Kangana Ranaut, Richa Chadha, Jassie Gill, Yagya Bhasin, Neena Gupta
Rating: 3.5/5
LA LIGA FIXTURES
Friday Valladolid v Osasuna (Kick-off midnight UAE)
Saturday Valencia v Athletic Bilbao (5pm), Getafe v Sevilla (7.15pm), Huesca v Alaves (9.30pm), Real Madrid v Atletico Madrid (midnight)
Sunday Real Sociedad v Eibar (5pm), Real Betis v Villarreal (7.15pm), Elche v Granada (9.30pm), Barcelona v Levante (midnight)
Monday Celta Vigo v Cadiz (midnight)
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
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The five pillars of Islam
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