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Wednesday, 7 June 2017

MIDEAST STOCKS-Qatar weak on political crisis, Dubai's Emaar jumps on unit's IPO plan | Reuters

MIDEAST STOCKS-Qatar weak on political crisis, Dubai's Emaar jumps on unit's IPO plan | Reuters:

"Qatar's stock market fell for a third straight day on Wednesday, hit by the breaking of diplomatic ties with its neighbours, though the pace of the drop slowed. Dubai's Emaar Properties jumped on a plan for an initial public offer by one of its units. The Qatari index lost 1.0 percent to a fresh 17-month low, taking its losses to 9.7 percent since Saudi Arabia, the United Arab Emirates and Egypt cut diplomatic links and transport ties on Monday, accusing Doha of backing terrorism."



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