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Tuesday, 20 September 2016

MIDEAST STOCKS-Qatar gains after FTSE inclusion, Saudi near technical support level | Reuters

MIDEAST STOCKS-Qatar gains after FTSE inclusion, Saudi near technical support level | Reuters:

"Qatar's equity index climbed on Tuesday as passive funds flowed into shares now included in FTSE's secondary emerging market index while other Gulf markets sagged.

Doha's index rose 1.0 percent, recouping some of the percent losses from the previous session. Passive funds will flow into 22 shares from Tuesday, and the stocks will continue to be bid up for several days to come as managers meet their fund mandates.

Islamic lender Masraf Al Rayan, which slumped 5.1 percent on Monday, added 1.9 percent and telecommunication provider Ooredoo, which also dropped 5.1 percent the previous session, climbed 0.4 percent."



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