MidEast shares were mixed, with Qatar and Saudi Arabia weighed by disappointing earnings. Egypt was pressured by a drop in its currency in the black market.

Commercial Bank of Qatar posted a 63% drop in Q2 net attributable profit to 212.3 million riyals ($58.3 million), missing Reuters’ mean forecast for 339.5 million riyals.

Saudi Electricity Co (SEC) said Q2 net profit slumped 28% to 1.4 billion riyals ($381 million), missing the estimate by analysts at NCB Capital for 2.4 billion riyals.

Ezz Steel said its Q1net loss widened from a year earlier.

Qatar’s main index dipped 0.5% to 10,592 points, Saudi Arabia eased 0.2% to 6,631 points, Egypt dropped 1.2% to 7,503 points, Dubai firmed 0.6% to 3,547 points, Abu Dhabi gained 0.6% to 4,612 points, Kuwait added 0.2% to 5,379 points, Oman fell 0.4% to 5,817 points and Bahrain slipped 0.4% to 1,158 points.

Source: www.nasdaq.com