Sunday 17 September 2017

MIDEAST STOCKS-Qatar continues slide, Saudi supported by strong oil

MIDEAST STOCKS-Qatar continues slide, Saudi supported by strong oil:

"Qatar’s stock market headed for its tenth straight losing session on Sunday while Saudi Arabia’s index bucked an otherwise weak region because of gains in the petrochemical sector. On Friday, Qatari Emir Sheikh Tamim bin Hamad al-Thani said Qatar was ready to sit at the negotiating table to try to end a dispute with its Gulf Arab neighbours. But in the absence of any positive response from the Saudi-led coalition which is boycotting Qatar, investors did not take the remarks as a sign that the dispute was moving closer to resolution. Qatar’s index slipped 0.5 percent with Doha Bank dropping 2.6 percent."



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