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Tuesday, 13 June 2017

MIDEAST STOCKS-Gulf mixed in early trade; Qatar National Bank slides | Reuters

MIDEAST STOCKS-Gulf mixed in early trade; Qatar National Bank slides | Reuters:

"Gulf stock markets were narrowly mixed in early trade on Tuesday although Qatar National Bank , the region's largest lender, fell more than 1 percent, pulling the Qatari index down. QNB was off 1.1 percent after an hour of trade. Like other Qatari banks, it has been hit by concern that the embargo mounted against Qatar by other Arab states could reduce its access to foreign funding. However, some other Qatari banks such as Masraf Al Rayan were firm on Tuesday morning, and the stock index fell only 0.2 percent."



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