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Tuesday, 13 June 2017

MIDEAST STOCKS-Gulf mixed as Qatar falls back, Abu Dhabi's Dana Gas soars | Reuters

MIDEAST STOCKS-Gulf mixed as Qatar falls back, Abu Dhabi's Dana Gas soars | Reuters:

"Gulf stock markets were mixed on Tuesday as Qatar fell back, still affected by other Gulf states' sanctions against Doha, while Abu Dhabi's Dana Gas soared on its proposal to restructure a $700 million sukuk. Qatar's index fell by 0.4 percent but remained more stable than when the sanctions were announced last week. Qatar National Bank, the region's largest lender, fell by 1.3 percent. Like other Qatari banks, it has been hit by concern that the economic and diplomatic boycott imposed by Saudi Arabia and its allies could reduce its access to foreign funding. However, some other lenders held firm, with Doha Bank up 0.2 percent."



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