Monday 21 August 2017

MIDEAST STOCKS-Qatar underperforms peers, stable oil prices help Saudi petchems

MIDEAST STOCKS-Qatar underperforms peers, stable oil prices help Saudi petchems:

"Qatar's bourse underperformed its neighbours in early trade on Monday while Saudi Arabia's index rose slightly, helped by robust oil prices. Qatar's index was down 0.5 percent as 70 percent of the 20 most valuable shares declined. Vodafone Qatar fell 0.6 percent, wiping out Sunday's 0.5 percent gain. Dubai's index edged down 0.1 percent as 12 shares declined, including builder Drake & Scull, which fell 0.8 percent. DSI said on Monday it was seeking shareholder approval to convert the company into a sharia-compliant entity."



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