MIDEAST STOCKS-Qatar slightly off 5-yr low as local traders buy, Saudi worst performer

MIDEAST STOCKS-Qatar slightly off 5-yr low as local traders buy, Saudi worst performer:

"Qatar’s stock index came slightly off a five-year low on Tuesday as local funds intensified their buying of those shares, while Saudi Arabia was the region’s worst performer.

The Doha index had recorded 11 straight sessions of losses, reflecting a lack of foreign investor confidence in a speedy resolution to the Gulf diplomatic crisis.

Local investors, however, have been net buyers for several weeks and on Tuesday they made up roughly three-quarters of the total market turnover, bourse data showed, helping lift the index 0.1 percent higher."



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