Google+ Followers

Monday, 19 December 2016

MIDEAST STOCKS-Qatar rises after budget, SABIC drags down Saudi index | Reuters

MIDEAST STOCKS-Qatar rises after budget, SABIC drags down Saudi index | Reuters:
"Qatar's stock market climbed in early trade on Monday after the finance ministry published the 2017 state budget, while large-cap shares weighed on other regional markets.

The index in Qatar, which was closed for a public holiday on Sunday, rose 1.1 percent with 85 percent of shares advancing. Petrochemical and metals producer Industries Qatar was the top performer, adding 2.1 percent.

On Thursday Qatar published a 2017 budget which projected a deficit of 28.3 billion riyals ($7.8 billion), much smaller than the originally projected 2016 deficit, and total spending of 198.4 billion riyals, down from 202.5 billion riyals."

'via Blog this'