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Wednesday, 31 May 2017

MIDEAST STOCKS-Ezdan spooks Qatar; Dana jumps, MSCI shares lift Egypt | Reuters

MIDEAST STOCKS-Ezdan spooks Qatar; Dana jumps, MSCI shares lift Egypt | Reuters:

"A sharp drop in property developer Ezdan Holding rippled across Qatar's stock market on Wednesday while profit-taking in blue chips dragged Abu Dhabi lower, although Dana Gas jumped on hopes for payments from the Kurdistan Regional Government (KRG). Shares in Ezdan, Qatar's largest listed developer, tumbled by a further 9.3 percent. They have plunged since the end of last week, when shareholders gave preliminary approval for the company to delist. The exchange said it had removed Ezdan from the QSE index after Monday's close because of the decision, but the steep drop soured sentiment toward other stocks."



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