Wednesday 24 January 2018

MIDEAST STOCKS-Earnings boost Qatar in sluggish region

MIDEAST STOCKS-Earnings boost Qatar in sluggish region:

"Corporate earnings and dividend news boosted Qatar’s stock market on Wednesday by suggesting the economy is coping with the impact of an embargo imposed by other Arab states. Other Gulf markets were sluggish. Qatar’s stock index rose 1.1 percent in heavy trade, leaving it within 6 percent of its close just before the embargo was imposed last June. Late last year, the embargo pushed the index more than 20 percent lower. Foreign investors from outside the Gulf were active players in the market on Wednesday, accounting for about 27 percent of buying and about the same proportion of selling, exchange data showed."



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