Wednesday 2 December 2009

Dubai contagion hits Qatar bourse

It was a red Tuesday for the Qatari bourse yesterday as stocks tumbled a massive 8.3 percent with the electronic board on the trading floor a streaming red with no glint of green in sight.

The loss to investors at Qatar Exchange on a single trading day was a staggering QR27.34bn ($7.49bn).

The exchange’s index shed more than 595 points at the close of trading to end up at 6,598.

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