UPDATE 1-MIDEAST STOCKS-GIS drags down Qatar after profit warning

April 13, 2015 7:11 AM

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DUBAI, April 13 (Reuters) - Qatar's bourse fell in early trade on Monday after Gulf International Services (GIS) said weak oil prices were starting to hurt its drilling rig business. Most other stock markets in the region edged down or were little changed.

The Doha index lost 1.4 percent as GIS tumbled 9.1 percent to 87.00 riyals, a two-week low. The company posted an 89 percent increase in first-quarter profit on Monday but said a customer of its subsidiary Gulf Drilling International (GDI) would release a contracted rig in May because of oil's decli...

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