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Tuesday, 28 February 2017

MIDEAST STOCKS-Qatar falls sharply, Etisalat drags on Abu Dhabi; Saudi bounces from low | Reuters

MIDEAST STOCKS-Qatar falls sharply, Etisalat drags on Abu Dhabi; Saudi bounces from low | Reuters:

"Most stock markets in the Gulf fell on Tuesday with Qatar's index hit particularly hard, but Saudi Arabia ended almost flat as petrochemical shares rebounded.

Qatar's stock index dropped 2.2 percent; all banking shares fell with Qatar National Bank retreating 2.9 percent.

A monthly Reuters poll, published on Tuesday, found 62 percent of Middle Eastern fund managers expected to decrease their allocations to Qatari equities over the next three months and none to increase them. That was the most negative outlook towards Qatar since the survey was launched in September 2013."



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