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Wednesday, 17 August 2016

MIDEAST STOCKS-Saudi falls to four-month low, FTSE hopes support Qatar | Reuters

MIDEAST STOCKS-Saudi falls to four-month low, FTSE hopes support Qatar | Reuters:

"Most Middle Eastern stock markets fell on Wednesday with Saudi Arabia hit by a broad sell-off, but support for Qatar persisted on expectations of fund inflows when index compiler FTSE includes it in its emerging market index next month.

Doha's index rose 0.3 percent to a new nine-month closing high of 11,409 points, extending Tuesday's 2.2 percent rise.

Qatar Insurance gained a further 3.9 percent after rising 3.5 percent on the previous day on hopes the stock will among those included in the FTSE's emerging market index. Qatar National Bank (QNB) added 0.4 percent to 169.10 riyals, taking its gains over the last two days to 7.0 percent."



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