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Monday, 3 July 2017

MIDEAST STOCKS-Foreign funds bolster Qatar, Saudi edges up | Reuters

MIDEAST STOCKS-Foreign funds bolster Qatar, Saudi edges up | Reuters:

"Foreign funds helped Qatar's equities index rebound on Monday after a diplomatic deadline for Doha to comply with demands by four Arab states was extended by two days to Tuesday night. Saudi Arabia edged up on the back of petrochemicals.

Qatar's foreign minister arrived in Kuwait, which is acting as mediator, to respond to the demands. There is still no clear sign that Doha will accept enough of the demands to satisfy the four states or that the dispute will be resolved.

If not, fresh sanctions could be imposed - Saudi Arabia's Okaz newspaper reported that boycotting countries would ask international companies to choose between doing business with them or with Qatar."



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