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Wednesday, 5 July 2017

After Month of Crisis, Here Are Qatar's Worst-Hit Stocks - Bloomberg

After Month of Crisis, Here Are Qatar's Worst-Hit Stocks - Bloomberg:

"Qatar’s stock market has lost about $15 billion in market value, or 10 percent, since the start of a Saudi-led boycott on June 5, with 17 of 19 members on the main QE index declining led by Qatari Investors Group QSC. The U.A.E., Saudi Arabia and Egypt accuse Qatar of supporting terrorist groups, a charge that the gas-rich nation denies. Qatar submitted a response on Monday to the group’s 13 demands, which the Saudis said they will study before responding. “Hopes are up for a resolution,” said Marwan Shurrab, head of high net-worth and retail equities brokerage at Al Ramz Capital LLC in Dubai. A positive diplomatic outcome “could bring strong momentum,” he said."



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