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Monday, 19 September 2016

MIDEAST STOCKS-Qatar slumps ahead of FTSE inclusion, Saudi drops on austerity concerns | Reuters

MIDEAST STOCKS-Qatar slumps ahead of FTSE inclusion, Saudi drops on austerity concerns | Reuters:

"Qatar's main equity index slumped 4.0 percent on Monday ahead of the additions of some companies in FTSE's secondary emerging market index, while Saudi Arabia dropped as investors grew weary of further austerity expected to come into effect next month.

Doha suffered from its largest single day drop since January in the heaviest turnover so far this year.

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 and Islamic lender Masraf Al Rayan each falling 5.1 percent."



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