Thursday 3 July 2014

Qatar rally loses steam; PMI rebound lifts Egypt | GulfNews.com

Qatar rally loses steam; PMI rebound lifts Egypt | GulfNews.com:



"End-of-week profit-taking ended rallies in the Qatar stock market on Thursday, while strong economic data and plans to cut fuel subsidies lifted investors’ mood in Egypt.



Qatar, which had jumped 7.8 per cent in the same period, slipped 0.1 per cent on Thursday. Islamic lenders, which had led the brief rally, became the main drags on the index.



Shares in Masraf Al Rayan fell 2.3 per cent, Qatar Islamic Bank (QIB) edged down 1.6 per cent and Qatar International Islamic Bank (QIIB) slipped 0.7 per cent."



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