Qatar rises, Commercial Bank up 3 pct

Qatar's index climbed 1 per cent to 7,020 points, as a positive close in the US last week boosts most stocks. Commercial Bank of Qatar gained 3 per cent, one of the strongest gainers, while Qatar Fuel Company shed 1.6 per cent. "At this point, the odds of a downside break remain high despite the possibility of a short term bounce," according to a Shuaa Capital investor note. "We advise to stay out of the market until a low risk entry point is attained." Kuwait's benchmark fell 0.3 per cent to 7,312 points, while Bahrain's index was unchanged at 1,507 points.