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Tuesday, 20 September 2016

MIDEAST STOCKS-Qatar rises on passive fund flows, other Gulf bourses weak | Reuters

MIDEAST STOCKS-Qatar rises on passive fund flows, other Gulf bourses weak | Reuters:

"Qatar's equity index climbed in early trade on Tuesday as passive funds flowed into shares now included in FTSE's secondary emerging market index, while other Gulf benchmarks pulled back.

Doha's index rose 1.5 percent, recouping some of the 4.0 percent losses from the previous session. Passive funds will flow into 22 shares as of 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 2.1 percent and telecommunication provider Ooredoo, which also dropped 5.1 percent the previous session, climbed 2.3 percent."



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