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Tuesday, 4 July 2017

MIDEAST STOCKS-Qatar continues rebounding, Saudi pulls back further | Reuters

MIDEAST STOCKS-Qatar continues rebounding, Saudi pulls back further | Reuters:

"Qatar's stock market continued rebounding early on Tuesday from lows hit because of the diplomatic crisis surrounding Doha, while profit-taking in a few Saudi Arabian blue chips dragged down that market.

A deadline set by four Arab states for Doha to comply with their demands will expire late on Tuesday, and recent comments by Qatari officials suggest it is unlikely to acquiesce to enough of the demands to avoid further economic sanctions.

But net buying by foreign investors in the Qatari stock market over the last few days suggests some funds do not think the additional sanctions would be crippling, while they believe there is now value in the market."



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