MIDEAST STOCKS-Qatar's IHG falls on listing, Dubai dragged down by weak Q2 earnings:
"Shares of the first family business to list in Qatar fell in early trade on Monday, while weak earnings at several companies in Dubai weighed on the stock index there. In its first hour of trade, Qatari conglomerate Investment Holding Group declined 8.8 percent to 9.12 riyals from its initial public offer (IPO) price. Trading volume was about 1.7 million shares. IHG had offered 49.8 million shares, or 60 percent of its share capital, at 10.0 riyals per share, plus a 0.1 riyal fee in its IPO during January, making the value of the listing about $138 million."
'via Blog this'
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