Doha Bank rose on Thursday after Qatar's fifth largest lender by market value reported a 10 per cent increase in third quarter profit.
Video: Market Minute October 13 2011
Hadeel Al Sayegh looks at the financial markets in Qatar.
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Net income was at 308 million riyals in the quarter, from 280.6 million riyals a year earlier.
The shares advanced 1.3 per cent to 62.10 riyals on the Qatar Exchange at 11am.
Earlier this week, Qatar National Bank reported a 31 per cent increase in quarterly profit, beating analyst estimates.
Other banking stocks were lifted triggered by improved investor sentiment in the sector. Masraf al Rayan was up 0.4 per cent to 24.75 riyals a share. Commercial Bank of Qatar jumped 2.8 per cent to 80.20 riyals.
Qatar's benchmark, the QE Index added 0.7 per cent to 8418.16 points.
In the UAE, Dubai's index was up 0.2 per cent to 2483.78 points, while the Abu Dhabi Securities Exchange General Index lost 0.1 per cent 2483.78 points.
Elsewhere in the region, Kuwait's index was little changed at 5851.60 points. Bahrain's measure was flat at 1147.50 points. Oman's index was little changed at 5521.03 points. Qatar's benchmark added 0.7 per cent to 8418.16 points. The Saudi Tadawul was closed for the day.
