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Monday, 12 June 2017

MIDEAST STOCKS-Qatar stabilises after minister reassures on crisis | Reuters

MIDEAST STOCKS-Qatar stabilises after minister reassures on crisis | Reuters:

"Qatar's stock market stabilised in early trade on Monday from sharp falls last week after comments from the finance minister that the economy was essentially operating as normal despite a major diplomatic crisis.

Doha's index was almost flat after 45 minutes of trade; it had lost 8.7 percent as of Sunday's close since four Arab states cut links a week ago.

Among Qatari banks, which could face funding difficulties as foreign banks scale back ties, Qatar National Bank fell 0.7 percent but other institutions rebounded. Doha Bank was up 1.5 percent."



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