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Tuesday, 29 September 2015

Qatar sovereign wealth fund suffers $12bn paper loss - FT.com

Qatar sovereign wealth fund suffers $12bn paper loss - FT.com:

"Qatar’s sovereign wealth fund has had a quarter to forget — suffering as much as $12bn of losses on Volkswagen, Glencore and Agricultural Bank of China, three of the biggest equity investments of its roughly $250bn fund.
With two days of the third quarter to go, the Qatar Investment Authority is likely to be nursing losses on eight of its top 10 holdings, according to Financial Times calculations based on Bloomberg compilations of regulatory filings."



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MIDEAST STOCKS-Weak oil, global equities hit Gulf; Saudi, Qatar drop most | Reuters

MIDEAST STOCKS-Weak oil, global equities hit Gulf; Saudi, Qatar drop most | Reuters:

"Weak oil prices and global equity
prices hit Gulf stock markets on Tuesday, with Saudi Arabia and
Qatar dropping the most as they reopened after a long Eid
al-Adha break.

The Saudi stock index closed 1.4 percent lower.
Brent crude had dropped about 3 percent to below $48 a
barrel since the Saudi bourse last traded on Sept. 21; this
weighed on Saudi petrochemical shares, with Saudi Basic
Industries down 0.6 percent and Saudi Industrial
Investment Group losing 4.3 percent.

Miner Ma'aden slipped 0.7 percent amid a global
sell-off in commodity-related shares because of concern about
flagging economic growth in Asia."



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MIDEAST STOCKS-Saudi hit by weak oil, commodities; Egypt down modestly | Reuters

MIDEAST STOCKS-Saudi hit by weak oil, commodities; Egypt down modestly | Reuters:

"Weak oil prices and commodity-related shares hit Saudi Arabia's stock market on Tuesday as it reopened after a long Eid al-Adha break. Egypt's market edged down only slightly, reflecting an improving technical outlook for that market.

The Saudi stock index sank 1.4 percent in the opening minutes. Brent crude has dropped about 3 percent to around $47.50 a barrel since the Saudi bourse last traded on Sept. 21; this weighed on Saudi petrochemical shares, with Saudi Basic Industries down 1.6 percent.

Miner Ma'aden slipped 2.4 percent amid a global sell-off in commodity-related shares because of concern about flagging economic growth in Asia."



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MIDEAST STOCKS-Gulf slips as oil prices, Asian equities sag | Reuters

MIDEAST STOCKS-Gulf slips as oil prices, Asian equities sag | Reuters:

"Gulf stock markets fell in thin early trade on Tuesday, hit by weakness in oil and Asian share prices.

Dubai's index slipped 1.3 percent with all 10 of the most heavily traded stocks lower. GFH Financial, the most traded, fell 2.2 percent and blue chip Emaar Properties lost 1.6 percent.

Abu Dhabi sank 1.0 percent and Qatar, reopening after a long Eid al-Adha break, dropped 1.1 percent. Top Qatari lender Qatar National Bank slid 1.4 percent."



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