Monday 1 June 2015

MIDEAST STOCKS-Qatar rebounds further; other Gulf markets edge up | News by Country | Reuters

MIDEAST STOCKS-Qatar rebounds further; other Gulf markets edge up | News by Country | Reuters:



"Qatar's bourse led gains in the Gulf on Monday as it recovered from a sell-off sparked by the arrests and investigations at world soccer body FIFA last week, while most other markets edged up in low-volume trade.



The Qatari benchmark rose 1.1 percent. Fears that Doha might potentially lose the rights to host the 2022 World Cup have abated this week after the country defended its winning bid and FIFA head Sepp Blatter secured re-election.



Most stocks in Doha rose although Qatar Insurance and Ezdan Holding fell 2.9 and 0.1 percent respectively, having surged last month on their inclusion in MSCI's benchmark."



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