MIDEAST STOCKS-Telcos hurt Saudi, Dana Gas up on sukuk hopes, Qatar sinks:
"Telecommunications shares weighed on the Saudi Arabian stock market on Thursday after authorities moved to remove the ban on voice and video calls over the Internet, while Qatar continued to fall as foreign buyers intensified their selling. The Riyadh index fell 0.1 percent as the top three telecommunications providers dropped. Saudi Telecom lost 3.5 percent, the worst performer. The communications minister said on Wednesday that the government planned to unblock internet voice and video calls which could hurt revenues from traditional phone calls, especially those by the 10 million foreign workers who live in Saudi Arabia calling their home countries."
'via Blog this'
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