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Monday, 19 September 2016

MIDEAST STOCKS-Qatar pulls back ahead of FTSE inclusion, UAE outperforms peers | Reuters

MIDEAST STOCKS-Qatar pulls back ahead of FTSE inclusion, UAE outperforms peers | Reuters:

"Stock markets in the Gulf diverged in early trade on Monday, with Qatar's index pulling back ahead of the inclusion of some companies in FTSE's secondary emerging market index, while Dubai advanced as global risk sentiment improved.

Qatar's index retreated 1.8 percent, wiping out Sunday's 0.4 percent gain. Nine-tenth of the shared that were trading declined.

Shares in companies set to be included in index compiler FTSE's secondary emerging market index on Sept. 20 were the top losers, with mobile phone operator Ooredoo dropping 3.8 percent and Qatar National Bank shedding 1.9 percent."



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