Thursday 31 May 2012

MIDEAST STOCKS-Gulf markets mark heavy May losses on euro debt woes | News by Country | Reuters

Gulf bourses fell on Thursday, ensuring their worst monthly performance in over a year, as fears grew that Spanish banks may soon seek a bailout and concerns lingered over a disorderly Greek exit from the euro zone.

Doha's index dipped 0.7 percent to its lowest close since May 20 and its biggest monthly drop since February 2011.

Investors cut risk across the board, with heavyweight Industries Qatar down 1.4 percent, Commercial Bank of Qatar falling 1.3 percent and Doha Bank slipping 1.1 percent.

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