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Wednesday, 19 July 2017

MIDEAST STOCKS-Banks boost Qatar in otherwise quiet region

MIDEAST STOCKS-Banks boost Qatar in otherwise quiet region:

"Banking stocks boosted Qatar's equities market on Wednesday, with some share prices approaching levels last reached before the country's diplomatic crisis erupted in early June, while other bourses in the region were mostly quiet. The Qatar index advanced by 1.2 percent to 9,502 points, its highest finish since Saudi Arabia and other Arab states cut diplomatic and transport links with Doha on June 5. Wednesday's gain left the index only 4.3 percent below its pre-crisis close. It has been as much as 13 percent lower early this month. Qatar National Bank(QNB), the largest lender, jumped by 4.4 percent to 143 riyals. It closed at 145.30 riyals on June 4."



'via Blog this'