Thursday 1 March 2018

MIDEAST STOCKS-Gulf mostly weak early on though Qatar partially rebounds | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf mostly weak early on though Qatar partially rebounds | ZAWYA MENA Edition:

"Gulf stock markets were mostly weak in early trade on Thursday after oil prices slipped more than 2 percent overnight, although Qatar partially rebounded from its steep fall on Wednesday. The Qatari index, which had plunged 3.1 percent on Wednesday as several stocks went ex-dividend, recovered 3.1 percent. Industrial firm Aamal surged 3.7 percent after reporting an 8 percent gain in annual net profit, while Vodafone Qatar climbed for a third straight day after announcing strong earnings and positive licensing news. It added 2.3 percent and was the market's most heavily traded stock."



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