MIDEAST STOCKS-Most Gulf markets pull back, led by Qatar | Agricultural Commodities | Reuters:
"Most stock markets in the Gulf retreated on a wave of profit-taking on Tuesday, led by Qatar, where there was a pull-back in some of the top stocks that had shot up before joining MSCI's emerging market index last week.
The Doha benchmark fell 2.4 percent as all but one of its components slid. Islamic lender Masraf Al Rayan was the main drag on the index, sliding 3.4 percent.
It had been the top performer among the 19 stocks in Qatar and the United Arab Emirates that index compiler MSCI added to its emerging index. The stock had soared 28 percent between May 15, when the final list of index components was published, and June 1, the first day after the upgrade.
Qatar Islamic Bank, also among the top gainers in that period, fell 7.6 percent.
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