Thursday 21 December 2017

MIDEAST STOCKS-Qatar resumes rally, most of Gulf little changed | ZAWYA MENA Edition

MIDEAST STOCKS-Qatar resumes rally, most of Gulf little changed | ZAWYA MENA Edition:

"Qatar's stock market resumed a rally in early trade on Thursday while most bourses in the Gulf were little changed, lacking fresh stimulus. The Qatari index , which has rebounded from near six-year lows in the past 10 days, added 0.5 percent as Vodafone Qatar, the most heavily traded stock, surged 4.4 percent. The index fell sharply in the months to mid-December after four other Arab states imposed an economic boycott on Doha. But signs that the damage is less than feared and a supportive 2018 state budget plan announced last week have helped the market recover. "



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