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Thursday, 8 June 2017

MIDEAST STOCKS-Blue chips help Qatar rebound, weak oil prices hit Saudi | Reuters

MIDEAST STOCKS-Blue chips help Qatar rebound, weak oil prices hit Saudi | Reuters:

"Qatar's stock market rebounded in early trade on Thursday after losing 9.7 percent since neighbouring Arab states cut diplomatic and trade relations with it early this week, while an overnight plunge in oil prices weighed on Saudi Arabia's bourse. Qatar's stock index was up 2.5 percent after an hour of trade with all 17 companies that have a market capitalisation of over $1 billion rebounding. Industrial conglomerate Aamal Co, in which the Qatari ruling family has 28 percent ownership, was the top performer, soaring 9.1 percent. Its shares had lost 15.6 percent in the previous three sessions."



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